Current trend

The pair is consolidating awaiting new drivers that will direct its trend. It is trading in a mixed dynamic ahead of the NFP report tomorrow.

Technical Analysis

USDJPY is trading within a symmetric channel. Bollinger demonstrates a flat trading dynamic. MACD pointing to a poor selling signal. Stochastic reversed to the center area signaling a mixed trading dynamic. Bulls will wait for the descending trend line to cross 144.80 in order to extend the trend toward 145.06 and open the door for 145.89. Bears will look for breaking 144.40 (MA10) to extend the bearish trend toward 143.95 and open the door for 143.30.

Key levels to watch from the upside: 144.80, 145.06, 145.89, from the downside 144.40, 143.95, 143.30.