USDJPY

USD/JPY is falling rapidly from its highs from early July. After peaking at 161.95 on July 3, it fell to 154.50 on the Japanese Yen intervention. The breakout of the main trendline at 158.45 on July 13 was a game-changer for the pair, and when taken together with the more recent break below the July 149.15 low, it gave the chart a much more bearish outlook. The pair closed at 149.54 on the previous trading day, with a daily loss of 0.29%. The pair, which is below its 20-day moving average, has an RSI of 19.35, while its momentum is at 94.44. The 149.46 level can be followed for intraday downsides. If this level is broken, supports at 148.59, 147.64 and 146.77 may become important. In case of possible increases, resistance levels will be monitored at 150.41, 151.28 and 152.22. Support: 149.460 – 148.590 Resistance: 150.410 – 151.280