SuperForex

Pair looking for support

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Now on the chart we observe that the pair is decreasing and is at the bottom of the Bollinger band. If we move on to the daily chart, we can observe the uptrend, so we consider the current movement as a correction.

We expect the price to reach the early levels of support at the levels of 113.20 and 113.0. Therefore, we advise you to look for points for entering long positions at the above levels.

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