USD/JPY is trading around 156.88, showing bearish momentum.
Key support lies at 156.66, with resistance near 156.83. Indicators like the RSI at 30.06 and the stochastic oscillator in oversold territory suggest a potential reversal, while the MACD points to ongoing bearish pressure. Short-term moving averages signal a sell, while medium to long-term trends remain mixed, reflecting market indecision.
Key support lies at 156.66, with resistance near 156.83. Indicators like the RSI at 30.06 and the stochastic oscillator in oversold territory suggest a potential reversal, while the MACD points to ongoing bearish pressure. Short-term moving averages signal a sell, while medium to long-term trends remain mixed, reflecting market indecision.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.