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USDJPY gets ready to attack its current resistance -Analysis-08-05-2025
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USDJPY gets ready to attack its current resistance -Analysis-08-05-2025
May 25, 2025 7:40 PM

The (USDJPY) price settled on a rise in its recent intraday trading, supported by its trading above EMA50, and under the dominance of a bullish correctional wave on the short-term basis, alongside the bias line, the pair is preparing to attack the current resistance level at 144.00.

On the other hand, we notice the beginning of negative overlapping signals appearance on the (RSI), after reaching overbought levels, which might decelerate the rise and provide chances for bearish correctional rebounds that the price attempt to use it to offload these overbought conditions and gain the required positive momentum to breach the mentioned resistance.

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