USD/JPY trades around 145.60 on Friday. Analysis of the daily chart shows that the pair is positioned above a downtrend line, suggesting a weakening of a bearish bias. However, the 14-day Relative Strength Index (RSI) remains just above 30, indicating that the bearish trend may still be in play.
For support levels, the USD/JPY pair tests the downtrend line at the 145.50 level. A break below this level could reinforce the bearish bias and push the pair to navigate the region around the seven-month low of 141.69, which was recorded on August 5. A further drop could drive the pair toward the throwback support level at 140.25.
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