USD/JPY technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The price has been in a clear uptrend. It recently had a dip, but it found strong support at the red line (the 100-period moving average) around the 150.00 level and bounced off it.



Now, the price is back above both the purple and red lines, which is a positive sign. The RSI indicator at the bottom is above 50, showing that buyers have momentum.

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