It carries losses less than 142.50, and support appears at its lowest level for seven months

• The US dollar/JPY can re -test the seven -month low level of 141.61, registered on Thursday.
• If the relative strength index decreases for 14 days from the level of 30, this may lead to a short -term corrective recovery.
• The initial resistance is located near EMA for nine days in 143.80.

Less than an inch of the US dollar/JPY after registering the gains in the previous session, and traded about 142.40 during the Asian session on Friday. An analysis of the daily scheme showed that the husband moves down inside a convergence channel, indicating that there is a certain and certain bias.

The USD/JPY pair continues to trade without the Si -SIA moving average for nine days (EMA), indicating a short -term momentum. Meanwhile, the 24 -day relative index hovers (RSI) above the level of 30, which supports continuous declining expectations. Low of 30 marks can indicate a traffic condition, which may lead to a short -term corrective recovery.

On the negative side, the pair of the US dollar/JPY may reconsider the minimum for seven months of 141.61, which was marked on Thursday, followed by the lower boundaries of the channel circulating near 140.80. It can enhance the decisive rest at the bottom of this channel, the declining bias and open the door to move about 139.58 – the lowest level since July 2023, the last time was seen in September 2024.

To the bullish direction, the initial resistance in EMA is seen for nine days about 143.80. The collapse above this level may increase the short -term momentum and pave the way for testing the upper boundaries of the channel circulating near 146.30.

Another resistance in EMA is 50 days in 148.30, followed by the highest level in two months at 151.31, registered on March 3.

USD/JPY: Daily Chart