USD/JPY could test the psychological level of 156.00 followed by the upper boundary of the ascending channel. The bullish trend would be confirmed if the MACD line crosses over the signal line. The 14-day EMA at 154.89 appears as the immediate support. The pair is consolidating within the ascending channel, with the 14-day Relative Strength Index positioned above the 50-level, indicating a bullish bias.
On the downside, the 14-day Exponential Moving Average at 154.89 appears as the immediate support, followed by the lower boundary of the ascending channel around the psychological level of 154.00. A break below this level could lead the pair to retest May’s low at 151.86 recorded on May 3. USD/JPY: Daily Chart USD/JPY Overview Today last price 155.82 Today Daily Change 0.29 Today Daily Change % 0.19 Today daily open 155.53 Trends Daily SMA20 154.89 Daily SMA50 152.17 Daily SMA100 149.
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