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Technical Analysis: Adjustment in USD/JPY

Dólar estadounidense/Yen japonés (OANDA:USDJPY)  
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OANDA:USDJPY   Dólar estadounidense/Yen japonés
Trend Analysis Chart Patterns Technical Indicators USDJPY Relative Strength Index (RSI) resistence support buy SELL Forex
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trendanalysis chartpattern indicator usdjpy relativestrengthindex resistence support buy sell forex
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.

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