Home -
Broker -
Main body -

WikiFX Express

XM
FXTM
IC Markets Global
TMGM
D prime
EC markets
FOREX.com
HFM
pepperstone
octa

USD/JPY Price Analysis: Bullish harami looms, with bulls targeting 131.50

SaracenMarkets | 2023-02-01 18:35

Abstract:USD/JPY remains downtrend but is about to form a bullish harami candle pattern, suggesting an upward correction on the cards. USD/JPY Price Analysis: Once it clears 129.50, it could rally towards 131. After a round of US economic data, suggesting the US Federal Reserve (Fed) could begin to hike rates in 25 bps sizes. Therefore, the Japanese Yen (JPY) strengthened, so the USD/JPY is down 0.24%. At the time of writing, the USD/JPY is trading at 129.92.

Forex-Platform.jpg

• USD/JPY remains downtrend but is about to form a bullish harami candle pattern, suggesting an upward correction on the cards.

• USD/JPY Price Analysis: Once it clears 129.50, it could rally towards 131.57 before turning neutral.

USD/JPY remains downtrend but is about to form a bullish harami candle pattern, suggesting an upward correction on the cards. USD/JPY Price Analysis: Once it clears 129.50, it could rally towards 131. After a round of US economic data, suggesting the US Federal Reserve (Fed) could begin to hike rates in 25 bps sizes. Therefore, the Japanese Yen (JPY) strengthened, so the USD/JPY is down 0.24%. At the time of writing, the USD/JPY is trading at 129.92.

USD/JPY Price Analysis: Technical outlook

The USD/JPY remains downward biased as the pair has remained below the 20-day Exponential Moving Average (EMA) at 130.60. Friday‘s price action remains contained within the boundaries of Thursday’s high and low, opening the door for a bullish harami candlestick formation, also known as an inside day, in the regular bar chart jargon. Therefore, the USD/JPY could print a leg-up before resuming its downtrend.

Hence, the USD/JPY next resistance would be 130.00, followed by the confluence of the 20-day EMA and a downslope trendline around 130.60, which, once cleared, might send the USD/JPY climbing towards the January 24 swing high at 131.11. Break above will expose the January 18 high of 131.57.

As an alternate scenario, the USD/JPY could fall towards 129.49, Januarys 27 low. Once broken, the next support would be the weekly low of 129.02, followed by the YTD low at 127.21.

USD/JPY Key Technical Levels

image.png

USD/JPY

image.png
image.png
img_v2_f06dea27-3b02-4ac8-a5bc-3693f047da7g.jpg

Forex tradingForex BrokerForex AnalysisForex news

Related broker

Regulated
SaracenMarkets
Company name:SARACEN MARKETS LIMITED
Score
5.59
Website:https://www.saracenmarketslimited.com/
5-10 years | Regulated in South Africa | Derivatives Trading License (EP) | MT5 Full License
Score
5.59

Read more

Your Backtesting Results Mean Nothing If You Ignore This One Live Trading Reality

Backtesting remains one of the primary skills forex traders learn. By implementing a trading strategy based on historical currency pair price information, traders can view their past performance. The strategy leading to consistent profits during backtesting can raise confidence and lay a structured approach to the forex market. However, the path is not as simple as it may sound. Several traders tend to meet a harsh reality when transitioning to live trading. The strategy that seemed almost flawless on historical charts suddenly fails to deliver the results it did before. The sudden difference may not necessarily be because of a poor strategy. Rather, it indicates limitations concerning backtesting and several factors that play their part in a live market where conditions change frequently. It is thus important to understand these differences so that you can set realistic expectations and work on to achieve consistent success.

Original 2026-07-07 21:22

Seacrest Markets Review 2026: Are Claims of Account Terminations and Fund Scams True? Let’s Find Out

While searching for user reviews for Seacrest Markets, a South Africa-based brokerage entity, we came across some repeated complaint patterns about the alleged account disablement and the funds that were trapped in it. At the same time, users have complained that the broker unnecessarily extended the fund withdrawal review process to deny them their hard-earned funds. While they may be user allegations and not established facts yet, the emergence of many complaints against the brokerage firm calls for an in-depth investigation in this Seacrest Markets review.

Original 2026-07-07 19:24

Can AI Really Improve Forex Trading? The Benefits, Risks and Hidden Limitations

We are living in the age of artificial intelligence, where everything including financial matters such as forex are rapidly influenced by this phenomenon. AI-powered tools are here to identify numerous trading opportunities and analyze thousands of data, all in seconds, becoming the preferred option for both retail and institutional traders. Regardless of its immense benefits, traders often question - Whether the AI can truly transform their forex trading experience or is it just like another technology offering scope for unrealistic expectations? While the AI can ensure faster trading and more informed decisions, it is never a sure shot way to profits. As a trader, you need to understand both the strengths and limitations of AI when it comes to generating real wealth.

Original 2026-07-06 21:18

DeltaFX Review 2026: My MT5 Account Was Locked During Trade. Did the Trader Lose Everything?

Among the many DeltaFX complaints reviewed, the MetaTrader 5 (MT5) account lock during live trading was arguably the most prominent one. Secondly, a Turkish trader complained about the sudden closure of trades within five to six minutes. This raises suspicion over the trading manipulation at the broker. Looking further, we came across a complaint about the blockage of the trading account immediately after a deposit. In this DeltaFX review, we have examined several user allegations in 2026.

Original 2026-07-06 20:19

WikiFX Express

XM
FXTM
IC Markets Global
TMGM
D prime
EC markets
FOREX.com
HFM
pepperstone
octa

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
VT Markets

VT Markets

Regulated
TMGM

TMGM

Regulated
STARTRADER

STARTRADER

Regulated
AVATRADE

AVATRADE

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
VT Markets

VT Markets

Regulated
TMGM

TMGM

Regulated
STARTRADER

STARTRADER

Regulated
AVATRADE

AVATRADE

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
VT Markets

VT Markets

Regulated
TMGM

TMGM

Regulated
STARTRADER

STARTRADER

Regulated
AVATRADE

AVATRADE

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
VT Markets

VT Markets

Regulated
TMGM

TMGM

Regulated
STARTRADER

STARTRADER

Regulated
AVATRADE

AVATRADE

Regulated

Latest News

DeltaFX Review 2026: My MT5 Account Was Locked During Trade. Did the Trader Lose Everything?

WikiFX
2026-07-06 20:19

Can AI Really Improve Forex Trading? The Benefits, Risks and Hidden Limitations

WikiFX
2026-07-06 21:18

OROKU EDGE Review 2026: Blacklist Warnings, Withdrawal Complaints, and High Leverage

WikiFX
2026-07-06 13:00

Reading the Market Weather: How to Identify Forex Trends and Ranges

WikiFX
2026-07-06 13:00

Using Volatility and ATR to Fix Your Forex Stop Loss

WikiFX
2026-07-06 12:00

PIPS STAR Review 2026: Unregulated Status and What Indian Traders Should Check

WikiFX
2026-07-06 13:30

Housewife Loses RM250,000 Life Savings to Ghost Investment Scheme Promising 10% Returns

WikiFX
2026-07-06 14:56

Is It Your Fault for Falling for an Investment Scam?

WikiFX
2026-07-06 15:10

TRANS X MARKETS Review 2026: Unregulated Status and Serious Withdrawal Complaints

WikiFX
2026-07-07 11:00

RyvoTrade Review 2026: Unregulated Status and Withdrawal Complaints

WikiFX
2026-07-07 11:00

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

ROYAL CAPITAL MARKETS

ROYAL CAPITAL MARKETS

ALGO EXCHANGE

ALGO EXCHANGE

Kingstine Invest

Kingstine Invest

NORIEX VAULT

NORIEX VAULT

Nexcorel Holdings Capital

Nexcorel Holdings Capital

Algo Trading Api

Algo Trading Api

Mextrade

Mextrade

primerolmarket

primerolmarket

CRAVIN PULSE

CRAVIN PULSE

EVER BYTE FUTURE

EVER BYTE FUTURE