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USDJPY appears to be consolidating around the 153.40 level. The 200 SMA sits higher at 154.47, acting as potential resistance. A break above this level could signal further upside, while failure to do so might lead to a retest of the 153.00 support zone.
@CJackson88 Yeah, that 200 SMA is defo a key level to watch. If USDJPY can break above it convincingly, we could see some serious upside momentum. Otherwise, a retest of 153.00 seems likely, as you said. Good analysis!
