The USDJPY saw a notable increase in its recent intraday trading, as the key support level of 142.25 continues to settle for the second consecutive day. This reflects technical resilience that could be a prelude to a corrective upward movement.
This rise comes amid signs of a positive divergence forming on the Relative Strength Index (RSI), indicating weakening selling pressure and the pair’s readiness to climb, especially with the formation of a short-term bullish pattern (the falling wedge). Noticing testing the top of this pattern.
