The USDJPY extended lower today, breaking beneath a critical 140.248 と 140.80 の間のスイングエリア, but quickly rebounded after testing key technical support.

Yesterday’s low stalled right at the 61.8% フィボナッチリトレースメント of the move up from the July 2023 low to the February 2024 high, coming in at 140.483. The price action today confirmed the importance of that retracement level, as buyers have stepped in once again on the move back above the level, lifting the pair 140.80 のスイングエリアの上方に戻ります. The high just reached 140.913. Buyers are making a play.

This marks at least the このスイングエリアサポートゾーンの 5 回目のテスト （ 赤の番号付き円参照 ）, with buyers consistently defending the area over the last several months. The repeated bounce underscores its significance from a technical perspective and staying above today, will be bullish play - at least in the short term.

With the rebound gaining momentum, the next upside target comes on the daiy chart, comes in at the 141.67 レベル, which aligns with a prior swing high and intermediate resistance on the daily chart.

To keep the bullish bias intact, buyers will want to see price 140.24 — 140.80 以上の滞在. A move below that area would weaken the rebound narrative and shift the short-term bias back to neutral or bearish.

Looking at the hourly chart, USDJPY has seen a sharp and sustained decline throughout April, falling from a high of 4 月 2 日 150.48 to a low of 139.886 本日—a drop of 1，059 ピップ in just a few weeks. Today’s move broke below both a key スイングエリア and the 心理的サポートレベルは 140.0 0, before rebounding back above that threshold.

With the price now attempting to push back above the daily swing area, there's growing potential for ショートカバーまたは補正購入. The next upside target comes at the 100-時間移動平均, currently trending lower at 141.686. A break above that level would shift momentum further toward the 200-1 時間移動平均 142.54.

Even then, a full retracement remains distant—the 4 月の取引範囲の 38.2% リトレースメント comes in at 143.93, highlighting that there’s still 回復の余地がたくさんあります if buyers can gain traction.

The key question now: バイヤーは流れを変え始められるか ？
For that to happen, it’s essential that price action 140.248 — 140.80 スイングエリアを上回る, now serving as critical support. Holding that zone keeps the door open for further upside correction. A move back below would weaken the recovery narrative and reassert bearish control.