Technical Analysis: Adjustment in USD/JPY
USD/JPY is still maintaining a strong upward trend, reflecting the strength of the USD against the Japanese Yen.
However, when looking at the chart, the Relative Strength Index (RSI) indicates signs that the market is trading in overbought territory. This suggests that there is a possibility for USD/JPY to experience a correction or a price decrease before continuing its upward trajectory.
Therefore, investors may need to wait for a pullback or adjustment before making new investment decisions.
However, when looking at the chart, the Relative Strength Index (RSI) indicates signs that the market is trading in overbought territory. This suggests that there is a possibility for USD/JPY to experience a correction or a price decrease before continuing its upward trajectory.
Therefore, investors may need to wait for a pullback or adjustment before making new investment decisions.
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