USDJPY managed to maintain its gains during recent intraday trading, stabilizing above EMA50s support, providing a solid base that fuels renewed positive momentum and opens the way for targeting new resistance levels in the near term.

This comes amid the dominance of the main short-term bullish trend, with price moving along a supportive trendline reinforcing this bullish path, on the other hand, negative signals are emerging from the relative strength indicators after reaching heavily overbought levels, and the pair is attempting to relieve some of this overbought condition, which has been reflected in the recent pause in its consecutive gains.