USDJPY TECHS: Monitoring Resistance At The 50-Day EMA

* RES 4: 160.39 High Sep 2 * RES 3: 158.44 50.0% retracement of the Jul 23 - Sep 8 bear leg * RES 2: 158.07 50-day EMA * RES 1: 158.05 High Sep 18 * PRICE: 157.70 @ 07:10 BST Sep 23 * SUP 1: 154.86/152.89 Low Sep 16 / 8 and the bear trigger * SUP 2: 152.10 Low Jan 27 * SUP 3: 151.94 50% retracement of the Apr 22 '25 - Jul 23 bull leg * SUP 4: 151.63 1.00 projection of Jul 23 - Aug 3 - Sep 2 price swing A bull cycle in USDJPY remains in play - for now - and price is trading at its recent highs. The pair has cleared the 20-day EMA, at 156.67. This signals scope for a stronger near-term recovery and attention is on resistance at the 50-day EMA, at 158.07. Clearance of this average would strengthen the current bull cycle. For bears, a reversal lower would mark the end of the correction and refocus attention on the key support at 152.89, the Sep 8 low.