USD/JPY Not Passing 144.00, Price Trend Changing This Week?

<p>&nbsp;The bullish trend on the price chart of the USD/JPY currency pair is seen to stall when there are factors that change the direction of price movement.</p><p><br /></p><p>With Yen trading still mixed, prices were driven by the US dollar as the focus last week turned to the US NFP jobs report at the end of the week.</p><p><br /></p><p>At the beginning of the week, the excellent price displayed an increase up to the level of 143,500, but it turned out that the level became a resistance zone for the price of the week.</p><p><br /></p><p>The strengthening of the US dollar initially failed to sustain as the market was cautious ahead of the NFP report on Friday.</p><p><br /></p><p>After the report was published, the price dropped even lower to the level of 141,600 following the market reaction causing the US dollar currency to experience depreciation.</p><p><br /></p><p>A bearish signal was observed when the price started hovering below the Moving Average 50 (MA50) barrier level on the 1-hour time frame on the USD/JPY chart.</p><p><br /></p><p>If the price decline continues today, several levels will be observed with the expectation that the price will go to around 140,500 before continuing the decline to 139,300.</p><p><br /></p><p><br /></p><p>The level reached at the end of July around 138.00 will also be watched as a target before the price can extend the decline to the price support zone at 137.00.</p><p><br /></p><p>On the other hand, if a price spike occurs, it is likely that investors will receive a signal for the bullish pattern to continue again after this.</p><p><br /></p><p>The initial surge needs to break through the MA50 barrier and the 143.500-144.00 resistance zone that has been a barrier to last week's gains.</p><p><br /></p><p>Next, after passing all the following obstacles, the increase can continue to the level of 145.00 or reach the height of 146.00.</p>