Technical Analysis – USDJPY slips beneath 145.00
USDJPY holds in neutral-to-bearish territory
Momentum oscillators are mixed
USDJPY is retreating from the 147.15 resistance level and the 145.00 round number, holding beneath the 23.6% Fibonacci retracement level of the down leg from 161.94 to 141.60 at 147.15 and the 20-day simple moving average (SMA) at 146.00.
The technical oscillators suggest contradictory signs. The MACD is trying to recover above its trigger line in the negative region; however, the RSI is still pointing down below the neutral threshold of 50.
More decreases could meet the immediate support at 143.40, ahead of the more-than-seven-month low of 141.60. Below that, the bottom from December 2024 at 140.20 may halt bearish actions.
A climb above the 147.15 obstacle may provide traders with some optimism for more bullish movements until the 38.2% Fibonacci of 149.50. Furthermore, the penetrated uptrend line at 150.00 may be a real struggle for the bulls before testing the 200-day SMA at 151.20.
All in all, USDJPY has been in a neutral-to-bearish tendency since the beginning of August and needs some significant boost to change the outlook to positive.Related Assets
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