USD/JPY has been on a year-long upward trend, and it soared from 114.836 to its highest level of 129.403 last month, hitting a 10-year high. What is undeniable on the D1 chart is that the uptrend remains strong. Although it can be seen that the RSI has entered an overbought state, a strong upward trend is still inevitable.
The H1 chart price has fallen back to safety. The descending channel has also successfully broken up. The ADX indicator +DI is also above -DI, and the uptrend has returned.
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