ForceFollower

USDJPY Rolling Over To The Upside

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
I believe USDJPY is getting ready for another rally, as the correction seems to be losing the bear power. The greenback remains the strongest currency, whereas the JPY is still very weak (although, I must admit, the AUD is the weakest now). Perhaps it's not going to rise straight away, but soon at least. The momentm seems to be favourable now and all that is left to be done is just break the dashed bear trend line . I expect it to retrace by at least 47.2% or even 61.8% of the entire correction.
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