USDJPY

Although the USDJPY pair rose in the Asian session on Wednesday, geopolitical tensions stemming from conflicts in the Middle East and ongoing concerns about slowing economic growth in China, as well as expectations that the Fed may not cut interest rates as much as expected, are negatively affecting the pair, coming on top of the Bank of Japan's tightening trend at the beginning of this month and providing some support to the safe haven JPY. USDJPY is priced above its 20-day moving average of 146.93. This situation draws a positive image in the monthly period. After trading at a peak of 148.68 in the last day's transactions, it completed the day at 146.17. On the other hand, the MACD line, one of the trend indicators, is below the signal line, in the positive zone. 149.210 can be considered as resistance, 145.490 as support. Support: 145.490 Resistance: 149.210