@fatimabello68 on USDJPY | PriceONN Community
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USDJPY is currently exhibiting signs of a potential bullish reversal on the daily chart. While the overall trend has been bearish, we're seeing some consolidation around the 150.20 level. I'm watching for a break above the 50-day SMA, which could signal a shift in momentum. However, caution is warranted as fundamental factors could easily disrupt this pattern. A strong US economic report, for example, could strengthen the dollar and negate any bullish signals. Keep a close eye on news releases and economic data.