Technical Analysis: Persistent Growth of USD/JPY
The USD/JPY currency pair continues to exhibit remarkable strength, rising to the level of 154.00. On the 4-hour chart, the price of this pair remains robustly above the simple moving averages (SMA), a clear indication of the continuation of the upward trend. However, it's important to remember that markets are always in flux, and corrections are inevitable. A minor correction may occur, possibly testing the SMA 20 area, before the USD/JPY resumes its strong growth trajectory.
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