USD/JPY Under Bearish Pressure, Awaiting Fed Data
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During Tuesday's Asian session, USD/JPY is hovering near the 140.50 level, with key support at 139.570.
If the price holds above this level, it could see a recovery towards the resistance at 141.007.
EMA 34 and EMA 89 indicators are reinforcing the bearish pressure, positioned at 141.592 and 143.189, respectively.
If USD/JPY breaks above the resistance at 141.007, the next target could be 142.896.
The RSI is currently at 39.74, indicating that selling pressure remains dominant.
If the price holds above this level, it could see a recovery towards the resistance at 141.007.
EMA 34 and EMA 89 indicators are reinforcing the bearish pressure, positioned at 141.592 and 143.189, respectively.
If USD/JPY breaks above the resistance at 141.007, the next target could be 142.896.
The RSI is currently at 39.74, indicating that selling pressure remains dominant.
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