USD/JPY remains above the 50-day and 200-day EMAs, confirming the bullish price signal. A break above 150 would support a break above the 150.293 resistance level to the 151 target.

However, a break below the 50-day EMA will push the bears towards the 200-day EMA and the support level at 148.405. Buying pressure is likely to increase at 148,500. The 200-day EMA coincides with the support level at 148.405.

The 14-4-hour RSI of 45.01 suggests that USD/JPY will break below the 50-day EMA and the 149 level before entering oversold territory.