USD/JPY

Higher Timeframes

Last year, despite monthly fluctuations that included rises, declines, and recoveries, the market closed with an overall optimistic bullish candlestick, where the upper shadow was slightly longer than the lower shadow. Based on the yearly results, a renewal of the maximum extreme of 2024 at 161.96 could restore and continue the uptrend. This level now serves as the nearest and primary target for bullish traders.

If the bulls lose support at the daily short-term trend of 157.46, a corrective decline could gather momentum, shifting market focus to testing the next support levels of the Ichimoku daily golden cross (155.26, 154.13, and 153.01) with the goal of breaking and neutralizing these levels. At the same time, bearish traders may push into the weekly cloud at 156.07 and test the weekly short-term trend at 153.76.

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EUR/JPY

Higher Timeframes

Last year, the pair left a relatively long upper shadow. In 2025, the focus will be on whether the bulls can overcome this shadow and continue the uptrend. Currently, the pair's position is uncertain, with no clear leader. The bears have a slight advantage at present but are encountering a wide support zone where any level could halt the decline and trigger a rebound.

The support zone (161.43 – 161.38 – 160.90 – 160.89 – 160.51 – 160.33 – 159.96) includes levels from various timeframes.

Similarly, the bulls face significant challenges with a resistance zone overhead (162.85 – 162.96 – 163.38 – 164.86 – 165.84), which comprises levels from multiple timeframes. If they can successfully overcome this resistance zone, the pair will be closer to the nearest maximum high at 166.63 and will meet the breakout target of the daily cloud. This scenario would be supported by a rebound from the current support level at 161.43.

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Technical Analysis Components:

• Higher Timeframes: Ichimoku Kinko Hyo (9.26.52) and Fibonacci Kijun levels
• H1: Classic Pivot Points and 120-period Moving Average (weekly long-term trend)