USDJPY Technical Analysis Report 24 December, 2025
Given the strength of the resistance zone around the resistance level 158.00 coupled with the continuation of the bearish US dollar sentiment viewn across the FX markets, USDCAD currency pair can be expected to fall further to the next support level 154.460 (which stopped earlier waves a, iv and ii).
- USDJPY reversed from strong resistance zone
- Likely to fall to support level 154.460
recently reversed down from the strong resistance zone located between the long-term resistance level 158.00 (which reversed the price multiple times from the begin of this year, as can be viewn from the daily USDJPY chart below), upper resistance trendline of the daily up channel from April and the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Dark Cloud Cover – which stopped the previous impulse waves v and 3.
Given the strength of the resistance zone around the resistance level 158.00 coupled with the continuation of the bearish US dollar sentiment viewn across the FX markets, USDCAD currency pair can be expected to fall further to the next support level 154.460 (which stopped earlier waves a, iv and ii).
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