Technical analysis: Buyers to likely remain in control on USD/JPY

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/06/European-Markets-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Daily Market Commentary" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2022/06/European-Markets-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/06/European-Markets-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/06/European-Markets-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/06/European-Markets-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/06/European-Markets-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/06/European-Markets-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/06/European-Markets.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><h2>H1 Timeframe Working with ¥144 and ¥143</h2>
<p>Finally, from the H1 timeframe, we can see that price recently recoiled from ¥143 and is on the verge of approaching resistance from ¥143.90 and the ¥144 psychological handle.</p>
<p>While follow-through upside could be seen, as suggested by the higher timeframes (through a lack of resistance), which may send H1 price above ¥144 and entice breakout buying in the direction of at least daily resistance at ¥144.95, a whipsaw beneath ¥143 could equally still occur. A whipsaw (or stop run) beneath ¥143 might be enough to attract those seeking dip-buying opportunities from H1 support at ¥142.78, targeting a break above ¥144 and continuation moves higher.</p>
<p><img decoding="async" class="alignnone size-full wp-image-449738" src="https://www.leaprate.com/wp-content/uploads/2023/06/USDJPY_2023-06-26_18-30-38.png" alt="" width="2445" height="1234" srcset="https://www.leaprate.com/wp-content/uploads/2023/06/USDJPY_2023-06-26_18-30-38.png 2445w, https://www.leaprate.com/wp-content/uploads/2023/06/USDJPY_2023-06-26_18-30-38-250×126.png 250w, https://www.leaprate.com/wp-content/uploads/2023/06/USDJPY_2023-06-26_18-30-38-700×353.png 700w, https://www.leaprate.com/wp-content/uploads/2023/06/USDJPY_2023-06-26_18-30-38-768×388.png 768w, https://www.leaprate.com/wp-content/uploads/2023/06/USDJPY_2023-06-26_18-30-38-1536×775.png 1536w, https://www.leaprate.com/wp-content/uploads/2023/06/USDJPY_2023-06-26_18-30-38-2048×1034.png 2048w, https://www.leaprate.com/wp-content/uploads/2023/06/USDJPY_2023-06-26_18-30-38-120×61.png 120w, https://www.leaprate.com/wp-content/uploads/2023/06/USDJPY_2023-06-26_18-30-38-245×124.png 245w, https://www.leaprate.com/wp-content/uploads/2023/06/USDJPY_2023-06-26_18-30-38-500×252.png 500w" sizes="(max-width: 2445px) 100vw, 2445px" /></p>
<p>Charts: TradingView</p>
<p>Last week’s report: Technical analysis: Spot gold under pressure; Room to explore deeper waters? … <a href="https://www.leaprate.com/forex/market-news/technical-analysis-spot-gold-under-pressure-room-to-explore-deeper-waters/" target="_blank" rel="noopener">Read More</a></p>
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<p><em><strong>Disclaimer</strong>: The information contained in this material is intended for general advice only. It does not take into account your investment objectives, financial situation or particular needs. FP Markets has made every effort to ensure the accuracy of the information as at the date of publication. FP Markets does not give any warranty or representation as to the material. Examples included in this material are for illustrative purposes only. To the extent permitted by law, FP Markets and its employees shall not be liable for any loss or damage arising in any way (including by way of negligence) from or in connection with any information provided in or omitted from this material. Features of the FP Markets products including applicable fees and charges are outlined in the Product Disclosure Statements available from FP Markets website, www.fpmarkets.com and should be considered before deciding to deal in those products. Derivatives can be risky; losses can exceed your initial payment. FP Markets recommends that you seek independent advice. First Prudential Markets Pty Ltd trading as FP Markets ABN 16 112 600 281, Australian Financial Services License Number 286354.<br />
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<p>The post <a rel="nofollow" href="https://www.leaprate.com/forex/market-news/technical-analysis-buyers-to-likely-remain-in-control-on-usd-jpy/">Technical analysis: Buyers to likely remain in control on USD/JPY</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>