The underlying uptrend for this unit of time is very strong on USD / JPY but the short term is showing some signs of slowing down. However, we could consider a buy as long as the price remains above 108.73 JPY. The breach of the first resistance at 109.39 JPY would be a sign of another potential price rally. Buyers would then target the next resistance at 109.82 JPY. Its crossing would then allow buyers to aim for 112.00 JPY. Be careful, a return below 108.73 JPY would be the sign of a consolidation phase of the short-term underlying trend of this unit of time. If this is the case, remember that trading against the trend can be riskier. It would seem more relevant to wait for a signal to resume the trend.
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