USD/JPY technical analysis: It is challenging the support of the uptrend.
1)USD/JPY is challenging the support level of the uptrend since September 6. If the USD/JPY falls below this level, the bearish deviation of the relative strength indicator is established, and the USD/JPY is expected to retreat to the 200-hour moving average. Currently, the level is around 111.17.
2)On the
upside, if the USD/JPY breaks through Last week's high of 111.76, the dollar against the yen will be expected to test the 200-week moving average again 113.26