USD/JPY technical setup suggests selling opportunities near 150.00
USD/JPY technical analysis indicates potential selling opportunities as the pair approaches the psychologically significant 150.00 level, which has acted as strong resistance in recent sessions. The pair currently trades at 149.75, up 0.1% on the day, but momentum indicators suggest waning bullish strength. The RSI at 68 approaches overbought territory, while the MACD shows early signs of bearish divergence. Key resistance levels are identified at 150.00 and 150.50, coinciding with the September high. Support zones lie at 149.20 (20-day moving average) and 148.50 (50-day moving average). The Bank of Japan's recent policy normalization hints and verbal intervention warnings from Japanese officials add fundamental pressure to the technical setup. Traders are advised to watch for rejection patterns near 150.00, with potential downside targets at 148.50-149.00 range.
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USDJPY
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