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USD/JPY Forecast in the upcoming period

U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
Ariana_alila  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY Relative Strength Index (RSI) sma resistence support buy SELL Forex
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trendanalysis chartpattern indicator usdjpy relativestrengthindex sma resistence support buy sell forex
On the 1H chart, based on the RSI indicator, we observe that the price of the USD/JPY pair has surpassed the overbought threshold, indicating increasing buying pressure.

However, to make trading decisions, it is essential to consider other factors such as economic news and the global market situation.

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