The USDJPY is currently looking for a rising low to gain bullish momentum and recover, with support at 147.90 and positive pressure from trading above EMA50.
The (USDJPY) declined in its last intraday trading, amid its attempts to look for a rising low to take it as a base that might help it to gain the required bullish momentum to recover, leaning on the current support at 147.90, amid the continuation of the positive pressure that comes from its trading above EMA50, affected by breaching bullish correctional trend line on the short-term basis, the price recovery on the intraday and the (RSI) reaching oversold levels exaggeratedly compared to the price move increases the chances of the recovery, and suggest forming positive divergence.
