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Back Technical analysis
USD/JPY. Analysis and Forecast
Technically speaking, the price holding above
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Technically speaking, the price holding above the round-number level of 148.00 paves the way for continued growth in the USD/JPY currency pair. Additionally, daily chart oscillators remain in positive territory, confirming the possibility of further upward movement, provided that prices stay above the 50-day Simple Moving Average (SMA).At the same time, any further advance will face strong resistance near the 200-day SMA, which is currently located at the 148.60 level. A sustained break above this level would strengthen the positive
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Irina Yanina,
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