USDJPY Takes a Break Before Testing Key Support
Updated
The USDJPY chart shows that the price is taking a 'breather' after reaching a peak and is now testing the key support level around 151.400.
The upward trendline acts as a safety rope, keeping the price from 'falling,' while the EMA lines are like 'two best friends' providing support.
If buying pressure remains strong, the price may continue its climb. If not, the market might need a 'cup of coffee' to regain strength!
Japan's economic indicators are something investors should closely watch, as they could shift the market's direction in the future.
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