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USDJPY is facing bullish pressure, potential for more upside

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
FXCM Broker  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USD jpy usdjpylong
217
15
trendanalysis harmonicpatterns chartpattern usd jpy usdjpylong
USDJPY is facing bullish pressure and might bounce from pivot which coincides with 127.2% Fibonacci extension as well as 50% Fibonacci retracement. Prices might take a bounce towards 1st resistance which coincides with 100% Fibonacci extension as well as -27.2% Fibonacci retracement. If prices fall through pivot level, it might take support at 1st support which coincides with 100% Fibonacci extension. EMA is also below prices, suggesting bullish pressure for prices.
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