Ready for the Next Bump?
In the recent USD/JPY price correlation, I see a clear positive recovery after a prolonged sideways period. The price is currently above the 34 EMA, suggesting a potential breakout towards the resistance level of 156.00. It is important to note that the price must hold the 150.00 level to confirm this sustainable uptrend. Any change to the downside will be considered carefully by me, especially if the price falls below the important support level at 146.00, which would create an ideal buying opportunity for the next trading sessions.
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