The USDJPY declined due to resistance at 148.00, but bullish momentum may help breach it in the future
The (USDJPY) declined in its last intraday trading, due to the stability of the key and solid resistance level at 148.00, attempting to gain bullish momentum that might help to breach it in the future, amid the continuation of the positive pressure due to its trading above EMA50, reinforcing the chances of the price recovery, especially with the relative strength indicators reaching oversold levels, exaggeratedly compared to the price move, which suggest forming positive divergence.
Origin: Economies
