FPG USDJPY Market Report November 3, 2025

USD/JPY extends its bullish trajectory on the H4 timeframe, trading around 154.12 after rebounding strongly from the 151.52 support zone last week. The pair has tested the upper boundary near 154.43, but recent candles show limited follow-through as the market consolidates near resistance. Despite the short-term pause, the broader outlook remains bullish, supported by sustained price action above the Ichimoku Cloud and the ongoing sequence of higher highs and higher lows.

Technically, USD/JPY maintains a strong uptrend structure after breaking above its previous resistance at 153.25, which now acts as a near-term support. The price continues to hold above the Tenkan-sen (red) and Kijun-sen (blue) lines, indicating an active bullish bias. The Parabolic SAR dots below the candles confirm the ongoing upward pressure, though the recent flattening near resistance signals possible short-term exhaustion. Price behavior around 154.43–154.57 suggests buyers may be taking profit, yet no clear bearish reversal has emerged so far, keeping the upward channel intact.

Momentum readings support the prevailing strength but warn of potential consolidation. The RSI (14) stands at 65.74, reflecting sustained bullish momentum without reaching overbought extremes, while the Money Flow Index (14) at 62.29 suggests moderate buying activity. Together, these indicators imply that while upside momentum is still present, traders should anticipate minor corrections before another potential push higher if support levels hold firm.

Market Observation & Strategy Advice

1. Current Position: USD/JPY is traded around 154.12, consolidating just below key resistance after a strong rebound from 151.52, maintaining its bullish bias above the Ichimoku Cloud.

2. Resistance Zone: The immediate resistance stands at 154.43–154.57. A decisive breakout above this range would open the path toward 155.20.

3. Support Zone: The nearest support lies at 153.25, followed by 151.52 as a stronger base; a break below 153.25 could signal a short-term correction.

4. Indicators: RSI and MFI remain in the bullish region, suggesting sustained buying interest, though momentum is beginning to cool. Parabolic SAR and Ichimoku both maintain bullish alignment as long as price stays above 153.25.

5. Trading Strategy Suggestions:

• Buy on dips: Look for long opportunities near 153.25–153.50 if the bullish structure holds, targeting 154.43 and 154.57.

• Sell near resistance: Consider short entries if price fails to break 154.57 or shows rejection patterns, targeting 153.25.

• Wait for breakout: A confirmed move above 154.57 would signal bullish continuation toward 155.20, while a drop below 153.25 may indicate a shift toward consolidation.

Market Performance:

Forex Last Price % Change

EUR/USD 1.1527 −0.06%

GBP/USD 1.3135 −0.10%

Today's Key Economic Calendar:

AU: Building Permits MoM Prel

CN: RD Manufacturing PMI

CA: S&P Global Manufacturing PMI

US: ISM Manufacturing PMI

Risk Disclaimer: This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.