Medium Impact USDJPY USD US

USD/JPY Breakout Watch: Bulls Target Higher Ground

Published Jul 16, 2026 10:34 PM Last refreshed Jul 19, 2026 8:28 AM Source: Action Forex Event Time: Jul 16, 2026 10:34 PM
Imported headline
USD/JPY Breakout Watch: Bulls Target Higher Ground

Source
Action Forex - https://www.actionforex.com/contributors/technical-analysis/647515-usd-jpy-breakout-watch-bulls-target-higher-ground/

Summary
Looking at the 4-hour chart, the pair surpassed the 61.8% Fibonacci retracement level of the downward move from the 162.70 swing high to the 161.28 low. The pair even settled above 162.20, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour).
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