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The USDJPY pulls back under strong resistance -Analysis-31-03-2026
The USDJPY pair declined during recent intraday trading, affected by the stability of the key resistance level at 159.80. The pair is attempting to build positive momentum that could help it break above this resistance. Despite this pullback, dynamic support remains in place as the pair continues to trade above EMA50, reinforcing the stability and dominance of the main short-term bullish trend, with trading alongside a trend line supporting this bullish path. In the background, positive signals emerge from the relative strength indicators after previously reaching oversold levels.
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