Categories: Technical analysis

USDJPY Wave Analysis – 23 October 2025

USDJPY: ⬆️ Buy

– USDJPY reversed from support area

– Likely to rise to resistance level 153.40

USDJPY currency pair recently reversed from the support area located between the key support level 150.00 (former monthly high from September) and the 50% Fibonacci correction of the upward impulse from September.

The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Hammer – which started the active impulse wave iii.

Given the clear daily uptrend and strong yen sales, USDJPY currency pair can be expected to rise to the next resistance level 153.40 (top of the impulse wave i from the start of October).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: USDJPY

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