USD/JPY Price Analysis: Bears poke 10-week-old support line near 130.50

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• USD/JPY prints three-day losing streak to refresh multi-day low, bounces off daily low at the latest.
• Sustained trading below 50-DMA, bearish MACD signals favor sellers.
• Yen pair’s recovery remains elusive below five-week-long horizontal resistance.

USD/JPY licks its wounds near 130.60, after refreshing a 1.5-month low, during a three-day downtrend on early Friday. In doing so, the Yen pair sellers attack the support line stretched from early January while extending the mid-week pullback from the 50-DMA.