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Back Technical analysis
USD/JPY. Analysis and Forecast
The pair continues a sideways consolidating
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The pair continues a sideways consolidating price movement, trading without significant change.From a technical standpoint, sustained strength above the psychological level of 145.00 and a firm move higher would confirm a bullish breakout from the multi-week trading range. Given that the Relative Strength Index (RSI) has just begun to gain positive momentum, USD/JPY could surpass the monthly high near 145.45 and aim for the key round level of 146.00. The bullish momentum may extend further toward the 146.25 level or
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