USDJPY: Uptrend on Hold or Correction Incoming? USDJPY’s recent price action suggests a shift in momentum. This analysis examines the technical situation and explores potential scenarios for the currency pair. USDJPY Breaks Trend Line: Consolidation or Reversal? Scenario 1: Uptrend Resumption: Scenario 2: Deeper Correction: Overall Sentiment: The technical outlook for USDJPY has become uncertain in the short term. The break below …
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