Japanese Yen Price Action Setups: USD/JPY, GBP/JPY, AUD/JPY
By Matt Simpson, Market Analyst
Date: March 26, 2026
Overview
The article discusses the current price action setups for three major currency pairs involving the Japanese Yen: USD/JPY, GBP/JPY, and AUD/JPY. It highlights key resistance and support levels, as well as the potential for consolidation or pullbacks in the near term.
USD/JPY Analysis
The USD/JPY pair is currently facing resistance near the 160 level, which has proven to be a significant barrier. Despite a bullish outlook for the US dollar, traders are hesitant to push the pair above this level. The article notes that month-end flows could lead to increased volatility, potentially resulting in a pullback. The support level is identified at 157.50, and there is a possibility of a breakout above 160 in the coming weeks.
GBP/JPY Analysis
For GBP/JPY, the 213 level serves as a critical resistance point. The article suggests that while the overall bias remains bullish, there is a risk of a near-term pullback. Traders are advised to either wait for a retracement to enter at more favorable levels or look for a confirmed breakout above 213. Support levels are noted around 211-212, with the RSI stabilizing, indicating potential bullish momentum.
AUD/JPY Analysis
The AUD/JPY pair has shown strong performance since the lows caused by Trump's tariffs. However, recent price action indicates a shift in momentum, with two shooting star patterns signaling weakness around the 112 level. The pair is currently testing critical support near 110, with significant levels including the 1991 high at 109.70 and the 50-day EMA at 109.60. This moment is crucial for the broader uptrend, as bears may target these support levels for potential breakdowns.
Conclusion
Overall, the article emphasizes the importance of monitoring key resistance and support levels for the Japanese Yen pairs. While the long-term outlook may remain bullish, traders should be prepared for potential consolidation or pullbacks in the near term as market dynamics evolve.