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EUR/USD

USD/JPY Nearing Critical Resistance: Technical Breakdown and Market Outlook for Strategic Shorting

USD/JPY is showing signs of exhaustion after a strong rally, hitting resistance near 150.00. Key technicals like RSI divergence, MACD weakness, and potential double top pattern suggest a pullback. Pablo Piovano recommends a strategic short between 149.70–150.00 with targets at 149.00, 147.80, and 146.50. Monitor Japan’s interventions and US yields for catalysts. Read full analysis at FXStreet.

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