USD/JPY Price Analysis: Bullish harami looms, with bulls targeting 131.50
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.
• 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
USD/JPY
Read more
iFOREX Europe Review 2026: Fund Withdrawal Complaints Keep Pouring Year After Year
As we look to sum up iFOREX Europe and check user comments, they all read virtually the same issue, year after year - fund withdrawal issues. While some users never received withdrawal access from the broker, others received it for some time before the trading enterprise suspended their trading account, leaving their funds allegedly trapped on the platform. In this iFOREX EUROPE review, we take a close look at reported fund scam allegations against the brokerage first. Additionally, we will elaborate on the broker’s product & services and its regulatory framework.
Rupee Climbs to a Six-week High Today - Is the Bad Time for the Currency OVER?
The rupee, which has been falling against major global currencies, including the US dollar, is finally back on the path to recovery. As per the initial trade, the rupee touched a six-week high of 94.43 against the USD on June 17, 2026, tracking a plunge in crude oil prices following the interim peace deal agreed upon between the United States of America and Iran. Brent crude oil price slipped to around $78 per barrel, which has not been the case for three straight months following the war. The surging crude oil prices further caused pressure on the rupee, which was already falling apart.
ALFX Review 2026: Fast Withdrawals, Easy Deposits—Reality or Hype?
ALFX, a new-age brokerage firm with around two years of service track record, seemed to have recorded around 30 reviews by users worldwide, including those in India. While some question the deposit & withdrawal process based on their poor experience, some appreciate its smooth payment services and impressive spreads. This ALFX review article takes both positive and negative user feedback for the broker. This will allow you to make an informed financial decision.
$100 Million Fine, Deposit Delays and Customer Outrage: Is TIGER BROKERS Losing Traders' Trust?
Contemplating trading via Tiger Brokers, a Hong Kong-based forex broker? Be aware that the brokerage firm was recently fined $100 million or more by the Chinese Securities Regulatory Commission (CSRC) for illegal activities. The news broke on June 8, 2026. While we will discuss this incident separately, the brokerage firm is not free from user allegations on issues concerning deposits, withdrawals and customer support service. On most customer service parameters (deposit safety & trading), Tiger Brokers is found to be ranking lower. In this Tiger Brokers review, we have investigated the brokerage firm, its trade offerings, recent regulatory action, a plethora of user allegations, and its regulatory background. Let’s start investigating.
WikiFX Broker
Latest News
Rupee Strengthens as Oil Slides Ahead of Fed
WikiFXTrading the 24-Hour Currency Market on a 9-to-5 Schedule
WikiFXDollar Slips After Ceasefire Agreement
WikiFXForexDana Review 2026: Is This Forex Broker Safe?
WikiFXSpotting Trend Reversals: How to Read Hammer and Engulfing Candlesticks
WikiFXStockity Review 2026: Offshore Regulation, Complaints, and Withdrawal Risk Signals
WikiFXDollar Slips as Oil Plummets on Ceasefire Agreement
WikiFXRupee Advances to 94.71 as Dollar Weakens
WikiFXFunding Pips Review 2026: Payout Concerns and Unregulated Status
WikiFXXtreme Markets Review 2026: Unregulated Status, Warnings, and Withdrawal Complaints
WikiFXRate Calc
