USD/JPY Analysis – 23.Jul.2026
USD/JPY Analysis : By analyzing the #USDJPY chart on the Daily timeframe, we can see that price continued to follow the bullish scenario discussed in the previous analysis and managed to push toward the 164.00 region.
Currently, USDJPY is trading around 163.85 after a minor pullback. Buyers are still maintaining control, and as long as price holds above the nearby demand zones, the broader bullish structure remains valid.
The nearest demand zones are located around 163.20 – 163.50, followed by stronger support between 162.60 – 163.00. On the upside, the closest supply area is around 164.00 – 164.20, followed by a stronger resistance zone between 164.80 – 165.20.
If buyers manage to break and stabilize above 164.20, the next upside targets to monitor are 164.80, followed by 165.00, 165.50, and potentially 166.00 if bullish momentum continues.
For now, USDJPY remains strong and the main bias is still bullish.
(This Post on TradingView)
Author : Arman Shaban
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