USD/JPY Technicals: Trend Intact Above Key Moving Averages
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USD/JPY's broader uptrend remains structurally intact, with price holding above both its 50-day and 200-day moving averages, a configuration traders typically read as bullish continuation. Momentum indicators have cooled from overbought extremes but have not flipped bearish.
Pullbacks toward prior breakout zones have repeatedly attracted buying interest, reinforcing the pair's resilience. A decisive close below the 50-day average would be the first technical signal of a deeper correction.
Until that level breaks, dip-buying remains the dominant strategy among trend-following participants, with upside continuation favored over a trend reversal in the near term.