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The USDJPY leans on the support of its moving average -Analysis-20-08-2025
AI Summary
- USDJPY price declined in last intraday trading, leaning on support of EMA50
- RSI reached oversold levels, indicating positive divergence forming
- BestTradingSignal.com offers professional trading signals for US stocks, crypto, forex, and VIP signals for various markets starting at €44/month
The (USDJPY) price declined in its last intraday trading, in an attempt to gain positive momentum that might assist it to recover and rise again, and it remains leaning on the support of its EMA50, affected by breaching bearish correctional trend line previously on the short-term basis, accompanied by the (RSI) reach to the oversold levels, exaggeratedly compared to the price moves, indicating the beginning of forming positive divergence.
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