FX:USDJPY   U.S. Dollar / Japanese Yen
It looks like the price has managed to breakout this parallel channel and is still within the bullish channel . Once the price broke it retraced and tested the resistance level of the bearish channel and the level looks now to be acting as a level of support. It is very likely that we might see bullish gains over the coming days. The RSI has positioned itself in a better to make further bullish gains. We should see the price of this pair move up to around 114.

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