Today Technical Analysis: Japanese Yen Hits Highest Level Against the Dollar Since February

Gold Technical Analysis

Gold remains under short-term bearish pressure on the 1-hour chart after failing to sustain the recovery toward $4,510. Price has been forming lower highs since that peak and is currently trading around $4,402. The recent rejection from the $4,450–$4,470 area reinforces the downside bias, although the latest candles suggest some stabilization around $4,400.

From a technical perspective, $4,385–$4,400 is the immediate support zone, with a break below $4,385 potentially opening the way toward $4,330 and then the recent low around $4,282. On the upside, $4,420–$4,430 is the first resistance area, followed by $4,463–$4,470 and the recent high at $4,510. Overall, the bias remains bearish to neutral, with a sustained move back above $4,450 needed to signal a meaningful recovery.

Gold 1H Chart

Source: STARTRADER app | Gold remains under selling pressure following Strong NFP numbers last Friday

Brent Technical Analysis

Brent crude maintains a strong bullish structure on the 1-hour chart and is currently trading around $99.73, close to the psychological $100 level. The recent price action shows a clear sequence of higher highs and higher lows, while price remains above the 10-hour moving average.

The key resistance is now $99.80–$100.00, with a sustained break above the psychological $100 level potentially opening the way toward $100.40 and higher. On the downside, $98.25–$98.50 is the first support zone, followed by $97.20 and the stronger support around $96.00. Overall, the technical picture remains bullish, although the sharp advance toward $100 could lead to some short-term profit-taking or consolidation before another attempt higher.

Brent 1H Chart

Source: STARTRADER app | Brent briefly touches $100 a barrel on Middle East tensions

USDJPY Technical Analysis

USDJPY continues to show a strong bearish trend on the 1-hour chart. The sequence of recent lower highs and lower lows confirms that sellers remain in control, although the latest candles show a modest rebound from the 152.87 low.

The 152.88–153.00 area is the immediate support zone, and a decisive break below it could extend the decline toward lower levels. On the upside, 154.00–154.45 represents the first important resistance area, followed by 155.00–155.30. A move above 154.45 would provide the first indication that the selling pressure is easing, but as long as the pair remains below the MA20 and previous resistance levels, the overall technical bias remains bearish.

USDJPY 1H Chart

Source: STARTRADER app | Japanese Yen reaches its highest level against the USD since February

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