The USDJPY is under negative pressure due to stability below EMA50 and negative signals on the RSI
Indicators reaching oversold levels may lead to limited bouncing attempts, but minor bearish wave dominance keeps bearish scenario valid
The (USDJPY) declined in its last intraday trading, affected by the continuous pressure due to its stability below EMA50, besides the emergence of the negative signals on the (RSI), indicating the weakness of the positive momentum on the near-term basis.
However, the indicators reaching oversold levels might reduce the losses and push for potential limited bouncing attempts, but the dominance of minor bearish wave on the price keeps the bearish scenario valid currently.
