There is no doubt that the overall trend for UsdJpy is strongly bullish and after reaching a recent high above 114, the pair corrected some of the gains.
The spike under 113.30 support was short-lived and quickly reversed giving us a signal that bulls are here and are very strong
Now UsdJpy is trading just under local resistance and a break looks imminent.
Once we have this break we can expect continuation to the upside and 118.50 is my target for this rise
The spike under 113.30 support was short-lived and quickly reversed giving us a signal that bulls are here and are very strong
Now UsdJpy is trading just under local resistance and a break looks imminent.
Once we have this break we can expect continuation to the upside and 118.50 is my target for this rise
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