The (USDJPY) price declined in its last intraday trading, due to the stability of the stubborn key resistance at 149.00, with the emergence of the negative signs on the (RSI), after reaching overbought levels, the price is attempting to gain a bullish momentum that might assist it to recover and breach this resistance.

This comes amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, with the continuation of the positive pressure that comes from its trading above EMA50.

Therefore, our expectations suggest a rise in the (USDJPY) prices in the upcoming intraday trading, conditioned by its breaching the resistance at 149.00 initially, to target the initial resistance levels at 149.80.

The expected trading range is between 147.90 support and 149.20 resistance.

Todays forecast: Bullish