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TheCryptagon
Mar 28, 2024 7:32 PM

USDJPY Buy the Resistance break out. Short

U.S. DOLLAR / JAPANESE YENICE

Description

USDJPY has reached but yet failed to cross over Resistance A (151.950) since last Wednesday.

The prevailing pattern is a Channel Up so wait until a 1day candle closes over Resistance A and buy the break out.

Target 155.500, which would be a symmetric bullish wave as the first one of this Channel Up.

Previous chart:



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