USD/JPY Technical: Potential Continuation of the Bearish Trend

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<p>The +326 pips rebound seen in the USD/JPY from the 14 July 2023 low of 137.24 has reached a minor key inflection point. Short-term momentum (hourly RSI) has turned bearish. 60 is the key short-term resistance to watch. The USD/JPY has staged the expected corrective rebound after a test on the 200-day moving average and […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/510843-usd-jpy-technical-potential-continuation-of-the-bearish-trend/">USD/JPY Technical: Potential Continuation of the Bearish Trend</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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