Analytical Reviews

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USD/JPY will attempt to test its pivot level, but as long as 148.32 remains strong, it will continue its decline on Tuesday, July 22, 2025.
23:33 2025-07-21 UTC--5

USD/JPY – Tuesday, July 22, 2025.

USD/JPY bias remains in a bearish condition, but as long as Pivot & Resistance Level 1 can hold the temporary rally, USD/JPY has the potential to continue its decline.

Key Levels

1. Resistance 2: 149.28

2. Resistance 1: 148.32

3. Pivot: 147.71

4. Support 1: 146.75

5. Support 2: 146.14

Tactical Scenario

Pressure Risk Zone: If the price breaks through and closes below 146.75, USD/JPY will continue its decline to 146.14.

Momentum Extension Bias: If the 146.14 level is broken and closes below it, USD/JPY has the potential to continue its decline to 145.18.

Invalidation Level / Bias Revision

The downside bias is maintained if the USD/JPY price strengthens and breaks through and closes above 149.28.

Technical Summary

EMA(50): 147.66.

EMA(200): 148.03.

RSI(14): 50.52.

Economic News Agenda:

USD/JPY has the potential to weaken today, driven by a post-election rebound in Japan and uncertainty surrounding US-Japan tariff negotiations.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.