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

U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
Daisy_Anna Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY sma resistence support buy SELL Forex
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trendanalysis chartpattern indicator usdjpy sma resistence support buy sell forex
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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