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Ariana_alila

Analyzing USD/JPY: RSI Signals Hint at Possible Price Adjustmen

U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
Ariana_alila  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Chart Patterns Technical Indicators Trend Analysis USDJPY Relative Strength Index (RSI) resistence buy SELL Forex upward
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chartpattern indicator trendanalysis usdjpy relativestrengthindex resistence buy sell forex upward
USD continues to maintain its advantage over JPY in the US trading session on Monday, pushing the USD/JPY currency pair higher. However, the RSI indicator on the 4-hour chart suggests that this currency pair is currently overbought, hinting at a potential downward correction in the near future. Nevertheless, this could also present an opportunity for investors, as there may be a strong price increase following the correction.

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