📊 Technical Structure
USDJPY On the 60-minute (60M) chart dated March 13, 2026, USD/JPY is extending its bullish momentum, currently trading around the 159.40 level. The pair is supported by a steep ascending trendline that has guided the price action higher throughout the week.
The price is now approaching a formidable Resistance Zone situated between 159.70 – 159.80, which sits just below the psychologically significant 160.00 level. On the downside, a firm horizontal Support Zone has been established between 159.28 – 159.37, providing an immediate cushion against pullbacks.
Short-term bias: Bullish while holding above 159.22.
Key Resistance: 159.70 – 159.80.
Key Support: 159.28 – 159.37.
🎯 Trade Setup (Trend Continuation Scenario)
Entry Zone: $159.28 – 159.37$ (Buying near the immediate support floor and trendline).
Stop Loss: $159.22$ (Placed strictly below the recent structural support).
Take Profit 1: $159.70 (Bottom of the primary resistance zone).
Take Profit 2: $159.80 (Major psychological target and previous intervention level).
Risk–Reward Ratio: Approx. 1:2.73
📌 Invalidation:
A decisive hourly candle close below 159.22 would invalidate this bullish momentum setup, suggesting a breakdown of the trendline and a potential move toward 158.70.
🌐 Macro Background
The pair's strength is fueled by diverging central bank outlooks and geopolitical energy concerns:
Fed Policy Expectations: Markets broadly expect the Federal Reserve to maintain interest rates at 3.50%–3.75% at next week's meeting, supporting the US Dollar (USD).
Inflation Cues: Traders are closely watching the upcoming PCE Price Index report for January, which is the Fed's preferred inflation gauge.
BoJ Intervention Risk: Finance Minister Katayama and Governor Ueda have signaled readiness to act against "excessive" Yen weakness, which could intensify imported inflation as oil prices surge.
Oil Supply Disruptions: Japan relies on the Middle East for 95% of its oil, with 90% passing through the effectively blocked Strait of Hormuz. To mitigate the impact, Japan plans to release 80 million barrels (roughly 45 days of supply) from strategic reserves starting March 16.
🔑 Key Technical Levels
Resistance Zone: $159.70 – 159.80.
Support Zone: $159.28 – 159.37.
📌 Trade Summary
USD/JPY remains in a clear technical uptrend, driven by the resilient Greenback and JPY's vulnerability to energy price shocks. While the 160.00 level looms as a potential intervention trigger, current technical momentum favors the bulls.
Preferred strategy: Seek long entries on minor pullbacks toward the 159.30 support floor, targeting the 160.00 psychological resistance ahead of the US PCE data.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Financial markets involve significant risk; proper risk and position management are essential.
USDJPY On the 60-minute (60M) chart dated March 13, 2026, USD/JPY is extending its bullish momentum, currently trading around the 159.40 level. The pair is supported by a steep ascending trendline that has guided the price action higher throughout the week.The price is now approaching a formidable Resistance Zone situated between 159.70 – 159.80, which sits just below the psychologically significant 160.00 level. On the downside, a firm horizontal Support Zone has been established between 159.28 – 159.37, providing an immediate cushion against pullbacks.
Short-term bias: Bullish while holding above 159.22.
Key Resistance: 159.70 – 159.80.
Key Support: 159.28 – 159.37.
🎯 Trade Setup (Trend Continuation Scenario)
Entry Zone: $159.28 – 159.37$ (Buying near the immediate support floor and trendline).
Stop Loss: $159.22$ (Placed strictly below the recent structural support).
Take Profit 1: $159.70 (Bottom of the primary resistance zone).
Take Profit 2: $159.80 (Major psychological target and previous intervention level).
Risk–Reward Ratio: Approx. 1:2.73
📌 Invalidation:
A decisive hourly candle close below 159.22 would invalidate this bullish momentum setup, suggesting a breakdown of the trendline and a potential move toward 158.70.
🌐 Macro Background
The pair's strength is fueled by diverging central bank outlooks and geopolitical energy concerns:
Fed Policy Expectations: Markets broadly expect the Federal Reserve to maintain interest rates at 3.50%–3.75% at next week's meeting, supporting the US Dollar (USD).
Inflation Cues: Traders are closely watching the upcoming PCE Price Index report for January, which is the Fed's preferred inflation gauge.
BoJ Intervention Risk: Finance Minister Katayama and Governor Ueda have signaled readiness to act against "excessive" Yen weakness, which could intensify imported inflation as oil prices surge.
Oil Supply Disruptions: Japan relies on the Middle East for 95% of its oil, with 90% passing through the effectively blocked Strait of Hormuz. To mitigate the impact, Japan plans to release 80 million barrels (roughly 45 days of supply) from strategic reserves starting March 16.
🔑 Key Technical Levels
Resistance Zone: $159.70 – 159.80.
Support Zone: $159.28 – 159.37.
📌 Trade Summary
USD/JPY remains in a clear technical uptrend, driven by the resilient Greenback and JPY's vulnerability to energy price shocks. While the 160.00 level looms as a potential intervention trigger, current technical momentum favors the bulls.
Preferred strategy: Seek long entries on minor pullbacks toward the 159.30 support floor, targeting the 160.00 psychological resistance ahead of the US PCE data.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Financial markets involve significant risk; proper risk and position management are essential.
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👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
ATFX is a globally regulated, award-winning fintech broker offering customer support in 20 languages.
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน