USDJPY - Technical AnalysisUS Dollar vs Japanese YenPEPPERSTONE:USDJPYfaluacuz_fxThere is a possibility to open a short position in this pair. By analysing the pair on higher timeframes and using a 45-period exponential moving average along with two simple moving averages of 70 and 95 periods (supported by a Parabolic SAR), a selling opportunity arises. Although the pair has shown a strong bullish move on the monthly timeframe, I believe it will reach the price level of 139.885 again. This prediction is based on the fact that in April a strong bearish candle was formed, followed in May by a bullish candle that failed to sustain a strong move, unlike what happened previously. This does not mean the pair won’t continue its bullish trend, but I expect the bullish momentum to strengthen after it reaches the 139.885 level again, possibly with a stronger upward move. It is important to note that, despite this technical analysis, attention should be paid to news, economic data, and any other factors that may influence this pair, as this is purely a technical perspective. The short position tool shown on the chart is only meant to support the entry decision for the trade.