The USDJPY pair stabilized in its latest intraday trading after reaching the pivotal resistance level of 158.95, which was as a price target in our earlier analysis. This advance was supported by the pair's continued trading above EMA50, which provides a dynamic support base, strengthening the chances of extending its gains, amid the dominance of the main bullish trend in the short term, with the pair moving alongside a minor trend line that supports this path.
On the other hand, we notice the emergence of a negative crossover in the relative strength indicators after reaching deeply overbought levels, which may curb the pace of the pair's advance in the near term.
