USD/JPY continues its upward momentum after experiencing a decline in the U.S. trading session on Wednesday. Overall, the upward trend of this currency pair remains robust.
When looking at the chart, technical indicators have clearly confirmed this trend. The price has surpassed the simple moving average (SMA), indicating that the strength of the uptrend is being reinforced. Additionally, the relative strength index (RSI) is currently trading above 65, suggesting that the price increase may still continue in the near future.
When looking at the chart, technical indicators have clearly confirmed this trend. The price has surpassed the simple moving average (SMA), indicating that the strength of the uptrend is being reinforced. Additionally, the relative strength index (RSI) is currently trading above 65, suggesting that the price increase may still continue in the near future.
