USDJPY The pair is currently trading in a downtrend. It is trading above the moving averages, in the oversold area. There are no divergences observed on the indicator. The fact that there are no divergences supports the continuation of the decline. Being in the oversold area and above the moving averages, there is a probability of an upward movement here if the resistance at 147.227 is broken. In this case, the buying target will be the resistance at 148.799. If the price drops below the moving averages and breaks the support at 145.556, then the selling target will be the support at 144.007.
