The USD/JPY exchange rate showed some upward movement in recent intraday trading, attempting to recover from earlier losses this week. The pair opened with a downward price gap, reflecting persistent selling pressure and an overarching bearish trend.
This negative momentum is further supported by the pair’s continued trading below the 50-period Exponential Moving Average (EMA50), reinforcing a short-term bearish outlook. Additionally, the Relative Strength Index (RSI) has reached overbought levels, diverging from the actual price movement, signaling a potential negative divergence. This suggests that further selling pressure could emerge in the coming sessions, keeping the bearish bias intact.
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