The (USDJPY) price settled high in its last intraday trading, after its success in offloading the clear overbought conditions on the (RSI), providing extra space for the bullish move. The price is getting ready to reach the current level at 147.00 due to the improvement of the technical momentum.

The continuation of the bullish correctional trend reinforced our expectations on the short-term basis, besides the trading alongside a bullish bias line, and the dynamic support remains valid by its stability above EMA50, which supports the chances of achieving more of the gains on the near-term basis.