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EarlHoldings
May 12, 2022 3:37 AM

USDJPY forming bullish pennant. Could break 131.20 level. Long

FX_IDC:USDJPY1D
U.S. DOLLAR / JAPANESE YENICE

Description

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USDJPY is consolidating and forming a nice bullish pennant with a resistance line around 131.20. This gives around 100 pips of possible upside. Other USD crosses have run already, but the JPY has stalled.
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