USD/JPY: Up 0.21% to 157.49 — RSI Oversold
· Forex · MarketsFN Team
USD/JPY: Up 0.21% to 157.49 — RSI Oversold
Published: August 04, 2026 · MarketsFN Team · US Session
| Pair | Rate | Change | RSI(14) | SMA-20 | SMA-50 | 52W High | 52W Low | Pivot | R1 | S1 |
|---|---|---|---|---|---|---|---|---|---|---|
| USD/JPY | 157.49 | +0.21% | 26.1 | 161.88 | 161.25 | 163.84 | 146.46 | 156.75 | 158.29 | 155.62 |
📊 Support & Resistance Levels
Dynamic Trendlines
| Level | Type | Direction | Distance |
|---|---|---|---|
| 154.84 | 20d Support | ↘ descending | -1.68% / 264.7 pips |
| 163.25 | 20d Resistance | ↘ descending | +3.66% / 575.7 pips |
| 155.13 | 50d Support | ↘ descending | -1.50% / 235.8 pips |
| 164.56 | 50d Resistance | ↗ ascending | +4.49% / 707.2 pips |
Static Levels
| Level | Type | Touches | Distance |
|---|---|---|---|
| 159.85 | Resistance | 2× | +1.32% / 208.2 pips |
| 157.91 | Resistance | 2× | +0.09% / 14.3 pips |
| 146.59 | Support | 3× | -7.08% / 1117.6 pips |
USD/JPY is trading at 157.49 (+0.21%) as it continues to reflect a downtrend, remaining below both the 20-day simple moving average (SMA) of 161.88 and the 50-day SMA of 161.25. The current price is situated within a descending dynamic channel, with the nearest dynamic support trendline at 154.84, which is 264.7 pips below the current rate, and the dynamic resistance trendline at 163.25, 575.7 pips above.
In terms of static levels, the closest resistance is at R1, positioned at 157.91, just 14.3 pips away, while the nearest support level, S1, is significantly lower at 146.59, 1117.6 pips away. The Relative Strength Index (RSI) is currently at 26.1, indicating that the pair is in oversold territory, which could suggest a potential for a corrective bounce in the near term.
The short-term outlook remains cautious as the market grapples with the prevailing downtrend. The proximity to R1 may provide a temporary resistance point, while the significant distance to S1 indicates that any bearish momentum could lead to further declines. Traders should watch for any shifts in momentum or news that could impact the USD/JPY, particularly any changes in monetary policy or economic data releases from either the U.S. or Japan, which could serve as catalysts for a breakout from the current range.
Disclaimer
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