- USD/JPY trades near 143 zones and extends milder profits than Asian sessions
- Despite the increase, technical indicators and moving averages continue to reflect bearish structures
- Support is at 142.41, with resistance levels reaching the upper limit near 145.79 and 146.62
The USD/JPY pair rose slightly on Tuesday, hovering around the 143 area, making it even higher within daily range. The modest daytime rebounds come ahead of the Asian sessions, but have yet to challenge the wider bear signal that dominates the charts.
Technical indicators remain contradictory. The relative strength index is neutral at 32.19, keeping it close to the lower limit without causing overselling conditions. Meanwhile, MACD continues to print bearish crossovers, increasing downside pressure. The contrasting view comes from the Williams percentage range of -88.24. This suggests that the pair is being sold in the short term and may have bounces planned. The ultimate oscillator of 52.72 remains neutral and does not provide a clear bias.
The dominant trend remains negative, especially when analyzing moving averages. The exponential and simple 10-day moving averages are 145.47 and 145.79, respectively, to keep the short-term rise. Long-term average – 20 days at 147.81, 100 days at 152.02, 200 days at 150.77 – downwards and confirms sustained sales pressure.
