USD/JPY Shows Signs of Consolidation: Time for an Upside?
The USD/JPY currency pair has recently begun consolidating after experiencing a downward correction below the key 156.00 level. Currently, it has slipped below the 155.50 support, entering a short-term bearish zone. Market analysts are questioning whether this consolidation phase might lead to a fresh upside move in the near future. Traders are encouraged to remain alert to technical analyses and market signals that could indicate the next move in this pair. Understanding these dynamics will be vital for trading decisions moving forward.
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