USD/JPY – Price in a support zone, Upward trend could continue
The USD/JPY pair is trading within the support zone on a 30 minute time frame. The price is trading below the 50 day (shown in green) and 100 day (shown in yellow) moving averages which confirms that the bulls are losing their control. However, the pair is still trading above the rising trend line and has not broken this line once which confirms that the upward trend is still intact.
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