USD/JPY Weekly Technical Analysis USD/JPYOANDA:USDJPYJunmadayagUSD/JPY Weekly Technical Analysis The pair is in a strong multi-year uptrend since 2022, now testing major weekly resistance near all-time highs. - Price sits above both the rising EMA 50 (orange) and EMA 200 (red)— classic bullish alignment. - Key weekly S/R levels: resistance at 159.63–161.95, support at 153.54 / 152.17 and 144.41. - RSI(28): Near highs, it’s likely approaching overbought territory — watch for divergence or readings above 70 as a warning sign. Bullish Case Break and close above 161.95 → fresh all-time highs. EMAs act as support on any dip. Bearish Case Rejection at 159–162 zone + overbought RSI → pullback to 153.54/152.17 support, or deeper to 144.41 if EMAs break. Overall bias: Bullish while price holds above the orange EMA 50 and 152 support. Indicator Settings: Ema 50 (orange) Ema 200 (red) RSI: Period 28; SMA 50 #USDJPY #ForexTrading #TechnicalAnalysis #SupportAndResistance #TradingView