From   a  technical  standpoint,  USD/JPY is  holding   firm  below the 139.00 resistance level. Both  the  bears and bulls are showing some  strength  and the price  has  not  deviated   significantly  from the 30-SMA. However, it is still above the 30-SMA,  indicating  an  upward   trend. 

Although   the  RSI is above  50,   the   price   shows  a bearish  divergence,   indicating  weakness in the uptrend. If this divergence  widens,  the price will  fall  below the 30-SMA. However, if  the  bulls  pick   up   momentum,  the price will  break   out   of  the 139.00 resistance.

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