USD/JPY Price Analysis: Maintain losses below 142.50, the support appears at a minimum of seven months

• The USD/JPY could test again the minimum of seven months of 141,61, registered on Thursday.
• If the 14 -day relative force index (RSI) falls below level 30, could potentially trigger a short -term corrective rebound.
• The main initial resistance is near the 9 -day EMA in 143.80.

The USD/JPY goes back after registering profits in the previous session, quoting around 142.40 during Friday’s Asian session. An analysis of the daily chart showed that the torque moves down into a descending channel, indicating a confirmed bearish bias.

The USD/JPY continues to quote below the 9 -day exponential mobile average (EMA), pointing out a short -term impulse content. Meanwhile, the 14 -day relative force (RSI) index remains just above level 30, further supporting the ongoing bassist perspective. A fall below the 30 level could suggest an overall condition, potentially triggering a short -term corrective rebound.

At the bottom, the USD/JPY torque could visit the minimum of seven months of 141,61, marked on Thursday, followed by the lower limit of the descending channel about 140.80. A decisive breakdown below this channel could reinforce the bearish bias and open the door to a movement towards 139.58 – the lowest level since July 2023, last seen in September 2024.

In the upper part, the initial resistance is observed in the 9 -day EMA around 143.80. A rupture above this level could boost the short -term impulse and pave the path for a test of the upper limit of the descending channel about 146.30.

An additional resistance is located in the EMA of 50 days at 148.30, followed by the maximum of two months of 151.31, registered on March 3.

USD/JPY: Daily graphic