USDJPY Technical AnalysisFenzoFx—USD/JPY remains in a bearish trend, trading below the 50-period simple moving average (SMA).
Since the price is below the moving average and has set a lower low, the overall trend remains bearish. However, the Stochastic Oscillator signals oversold conditions, suggesting the Yen may be overvalued against the U.S. dollar.
If sellers push the price below 148.8, the downtrend could continue, with the next support at 145.5.
Conversely, a break above the 151.2 resistance would challenge the bearish scenario. If the pair moves past this level, it could extend gains toward 154.8.