FXOpen Trader
Well-known member
USDJPY Technical Analysis – 05th MAR, 2026
USDJPY - On 5th March 2026, USDJPY registered a sharp intraday high at 157.85
USDJPY – High 157.85
On 5th March 2026, USDJPY registered a sharp intraday high at 157.85, marking a critical resistance zone within its medium-term bullish structure.
Daily Chart
The advance into 157.85 coincided with strong bullish momentum, with the RSI near 71, firmly in overbought territory. Price action printed a rejection wick, reflecting profit-taking pressure at the highs. The test of this level aligned with the broader uptrend but highlighted potential exhaustion.
4-Hour Chart
On the 4H timeframe, the rally into 157.85 was accompanied by expanding bullish candles, but momentum indicators began to diverge. The MACD histogram showed reduced bullish acceleration, with signal lines flattening. The Stochastic Oscillator was firmly overbought, reinforcing the likelihood of short-term exhaustion. A bearish divergence between price and oscillator readings strengthened the case for corrective retracement.
Key Levels
• Support: 157.00 / 156.40
• Resistance: 157.85 / 158.50
Market Implications
The high at 157.85 underscored USDJPY’s struggle to break through medium-term resistance. Sustained closes above this level would open the path toward 158.50, while failure to maintain momentum could trigger a pullback toward 157.00 and 156.40.
#fxopen #forex #forexanalysis
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.
For in-depth analysis, please check ...
USDJPY - On 5th March 2026, USDJPY registered a sharp intraday high at 157.85
USDJPY – High 157.85
On 5th March 2026, USDJPY registered a sharp intraday high at 157.85, marking a critical resistance zone within its medium-term bullish structure.
Daily Chart
The advance into 157.85 coincided with strong bullish momentum, with the RSI near 71, firmly in overbought territory. Price action printed a rejection wick, reflecting profit-taking pressure at the highs. The test of this level aligned with the broader uptrend but highlighted potential exhaustion.
4-Hour Chart
On the 4H timeframe, the rally into 157.85 was accompanied by expanding bullish candles, but momentum indicators began to diverge. The MACD histogram showed reduced bullish acceleration, with signal lines flattening. The Stochastic Oscillator was firmly overbought, reinforcing the likelihood of short-term exhaustion. A bearish divergence between price and oscillator readings strengthened the case for corrective retracement.
Key Levels
• Support: 157.00 / 156.40
• Resistance: 157.85 / 158.50
Market Implications
The high at 157.85 underscored USDJPY’s struggle to break through medium-term resistance. Sustained closes above this level would open the path toward 158.50, while failure to maintain momentum could trigger a pullback toward 157.00 and 156.40.
#fxopen #forex #forexanalysis
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.
For in-depth analysis, please check ...
