Uniglobe Markets
May 21, 2025 at 06:54 AM
USD/JPY Technical Analysis
Technical Overview
USD/JPY is under consistent bearish pressure with price trading below all key EMAs. RSI at 27.41 confirms the bearish momentum, nearing oversold conditions.
Support and Resistance Levels
- Resistance 1: 144.20
- Resistance 2: 144.80
- Support 1: 143.30
- Support 2: 143.00
Buy Scenario
Recovery only likely if price breaks above 144.20 with RSI climbing toward 40. Otherwise, bullish setups remain weak.
Sell Scenario
A break below 143.30 opens the door to 143.00. Continued downside expected if RSI remains below 30.