Every read JAFX AI made on the USD/JPY daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:03 UTC
Uptrend, momentum stalling at highs · RSI 62 · price 161.362
Higher highs into 162.8, sharp rejection.
Multi-month uptrend from the February ~156 base to four-decade highs at 162.83, with price holding above the D1 EMA(50) throughout. The eight-week advance snapped this week after the June NFP miss (57K vs 110K): a rejection off the 162.45–162.83 supply band drove a near-200-pip reversal bar to 161.11 before a modest bounce to 161.36. Structure still favours the uptrend while 161.00 holds, but the record-high rejection marks the first clear stall in weeks.
Support: 161.00, 160.60, 160.00
Resistance: 162.45, 162.83
What it said to watch
- Daily close below 160.60 swing low confirms a lower-low and opens 160.00 psych
- Reclaim and close above 162.45 supply band re-engages the record high
- MoF intervention risk elevated near 162.83 in thin holiday liquidity
- ISM Services Mon and FOMC minutes Wed could shift the USD leg of this read
21:03 UTC
Uptrend, momentum stalling at highs · RSI 54 · price 161.362
Higher highs into 162.8, first sharp two-day pullback.
Multi-month uptrend off the late-February 156 base, price holding above EMA(50) throughout the advance and tagging four-decade highs at 162.84 last week. The last two sessions produced a sharp rejection back to 161.36 after the soft US June NFP print (57K vs 110K) and intervention fears squeezed the yen. Price has slipped back below EMA(20), cooling the run without breaking the broader up-structure.
Support: 160.60, 160.00
Resistance: 162.45, 162.84
What it said to watch
- Daily close below 160.60 breaks the swing low and opens the path toward 160.00
- Reclaim of the 162.45 supply band re-exposes the 162.84 cycle high
- ISM Services Mon and FOMC minutes Wed could materially shift the USD leg of this read