USD/JPY – Tuesday, July 29, 2025.

Based on the Golden Cross position on the EMA (50) and EMA (200), it indicates a dominant bullish bias in USD/JPY. However, the RSI (14) is at a neutral bearish level and the appearance of divergence between the USD/JPY price movement and the RSI (14) indicator also provides a hint and warning of a potential weakening correction in the near future.

Key Levels

1. Resistance. 2 : 149.28.

2. Resistance. 1 : 148.91.

3. Pivot : 148.22.

4. Support. 1 : 147.85.

5. Support. 2 : 147.16.

Tactical Scenario

Positive Reaction Zone: If USD/JPY successfully breaks through and closes above 148.91, it has the potential to continue strengthening to 149.28.

Momentum Extension Bias: If 149.28 successfully breaks through and closes above this level, supported by supportive momentum and volatility, USD/JPY will continue strengthening to 149.97.

Invalidation Level / Bias Revision

Upside bias weakens when the price falls and breaks through and closes below 147.16.

Technical Summary

EMA(50) : 148.31.

EMA(200): 147.70.

RSI(14) : 45.34

Economic News Release Agenda:

Optimism regarding a trade tariff agreement with the United States and the potential for a hawkish policy from the Bank of Japan (BOJ) has the potential to strengthen USD/JPY today. Tonight, there will be a data release from the United States - JOLTS Job Openings at 21:00 WIB.