# MayMarketOutlook

$USDJPY USDJPY is trading around 159.09 and still showing short-term bullish pressure after recovering strongly from the recent dip around 158.61. Price is currently holding above the major moving averages, which suggests buyers still have some control.
Key observations:
• Price remains above MA5, MA10, and MA30 a sign of short-term upward momentum.
• Resistance is sitting around 159.25 (today’s high). A clean break above this zone could open room for another push upward.
• Immediate support appears around 158.90–158.80. Losing this level may trigger another retest lower.
• MACD looks relative