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Daisy_Anna
Apr 17, 2024 10:30 AM

Chart Analysis: USD/JPY Correction and Test of SMA 20 

USD/JPYOANDA

Description

Although USD/JPY is still in an upward trend, the market is currently experiencing a notable correction phase.

Looking at the chart, it's evident that prices are rebounding and undergoing a downward adjustment, resulting in a certain level of volatility. It is expected that prices will test the SMA 20 moving average area before resuming a stronger upward momentum.

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