USD/JPY Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
USD/JPY's recent uptrend has hit a major roadblock at the 148.20 price level, and there are growing signs that the rally is running out of steam. The price has tried and failed to break through this ceiling twice, creating a classic bearish reversal pattern known as a "double top," which indicates that sellers are defending this level strongly. This weakness is confirmed by the RSI momentum indicator, which is showing bearish divergence—a significant warning sign that the buying power behind the uptrend is weakening. The outlook is now at a critical decision point. For the uptrend to continue, buyers must cause a decisive breakout above the 148.20 resistance, which would likely target the 149.00 level.



For the uptrend to continue, buyers must cause a decisive breakout above the 148.20 resistance, which would likely target the 149.00 level.
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