USDJPY Trading at Mid-151, Japan’s GDP Surpasses Expectations【February 18, 2025】
Fundamental Analysis
Japan’s GDP exceeds expectations, marking growth for the third consecutive quarter.
Speculation about a possible rate hike by the Bank of Japan rises, and the Nikkei targets 40,000.
USDJPY Technical Analysis
USDJPY is hovering in the mid-151 JPY range, approaching the 200-day moving average. It is about to hit the parabolic indicator, which could trigger a shift to a sell trend. While the moving average remains flat, it is gradually tilting downward.
Let’s examine momentum and MACD. Momentum has consistently stayed below 100, suggesting a bearish trend. The MACD histogram is also extending downward. The key level to watch is whether USDJPY breaks the recent low of 150.920 JPY.
Day trading strategy (1 hour)
Analyzing the USDJPY 1-hour chart, 151.35 JPY serves as a support level, and the price action remains in a consolidation phase. The support below 151 JPY is still holding firm, but the overall downtrend remains unchanged.
With major shifts in market conditions, including Ukraine negotiations, Japan’s economic growth, and a slight cooling of the US economy, traders should take an objective approach to the market.
The day trading strategy favors selling on rebounds. A sell limit order around 151.70 JPY with a target in the lower 151 JPY range is recommended. The stop-loss should be set at 152.15 JPY.
Support/Resistance lines
Key support and resistance lines to consider:
152.12 JPY – Yesterday’s high
151.70 JPY – 200-day moving average
Market Sentiment
USDJPY: Sell 34% / Buy 66%
Today’s important economic indicators
Economic Indicators and EventsJapan TimeAustralia Interest Rate Decision12:30UK Employment Data16:00US New York Fed Manufacturing Index22:30Canada CPI22:30
*Trading advice in this article is not provided by Milton Markets, but by Shu Fujiyasu Jr., a certified technical analyst.
Risk Disclaimer
This analysis is for educational purposes only and does not constitute investment advice. Trading forex and CFDs involves significant risk and may not be suitable for all investors. Past performance is not indicative of future results.
This analysis is for educational purposes only and does not constitute investment advice. Trading forex and CFDs involves significant risk and may not be suitable for all investors. Past performance is not indicative of future results.
