USD/JPY Exchange Rates Latest Forecast

Prices have nearly reached the primary upside barrier at 94.43, by violating mixed SMAs and renewing the bullish mood. Consolidation of rising attempts below that level is an indication of the power of resistance. While increasing structure predominates and is likely to grow nearly 3 years. When drawing attention on the oscillators, it becomes clear that the recent lift has raised slightly the RSI (14) and made great impact on short-term oscillators with Stochastic entering into overbought zone, creating some contradictory mood.

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Ani Stepanyan

Ani is the one responsible mostly for finance related articles. Despite it she will never hesitate to spice up the article or write about more general topics to entertain. Ani is very friendly and outgoing, she is always ready to cheer up and lighten the atmosphere.

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