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2025-09-15 15:51:17
USD/JPY Technical Analysis: The daily chart shows the middle Bollinger Band at 147.575, the upper Bollinger Band at 148.444, and the lower Bollinger Band at 146.706. The price is currently trading in a narrow range around 147.40. The candlestick bodies are short with frequent shadows, indicating a typical sideways trend and the concomitant Bollinger Band squeeze, signaling the impending directional breakout following a contraction in volatility. Focus on the high trading volume between the middle and upper Bollinger Bands. A break above 148.444 and a subsequent retest confirm this, with the potential for a move towards the previous high of 149.134 and further towards the current peak of 150.914. A break below 146.706 would increase the probability of a test of the static support band of 146.211/146.303. If this band is breached by volume, a pullback to the lower 144.177 area is possible. In terms of momentum, the MACD DIFF is 0.016, the DEA is 0.055, and the MACD histogram is -0.078, indicating that the DIFF is still below the signal line, and the trend momentum is weak but stuck near the zero axis. The recent bar length has shown a convergence trend, reflecting the weakening of short-term momentum and the possible rebalancing of the trend. The RSI (14) is near 49.453, in the neutral zone, and has not yet given a clear overbought/oversold signal, which is consistent with the "box + waiting for catalyst" pattern on the market. Overall, the Bollinger middle band near 147.575 is a short-term indicator. Its gains and losses will determine whether the exchange rate continues to fluctuate in a mean-reversion manner or enters a trend trading phase.
