USD/JPY Currency Pair Analysis for August 28, 2026

Currency pair analysis based on modified wave analysis, Fibonacci levels, and price channels.

August 28, 2026

USD/JPY

The trend is bearish. The currency pair is trading between the 365 EMA and the 135 EMA. The Awesome Oscillator shows bearish divergence, while the Stochastic Oscillator signals overbought conditions. Upward wave patterns are truncated.

Trading idea:

Sell upon the formation of a downward wave pattern where wave (A) breaks the trendline of the truncated upward pattern.

Place the Stop Loss above the local high of the truncated upward pattern.

Target levels: 158.90; 158.20.