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USD/JPY could revisit 116.04

FX:USDJPY   U.S. Dollar / Japanese Yen
Nice rebound from 114.54 (23.6% fib retracement of Trump rally) plus the upward sloping 50-DMA and the bullish break from the falling channel on the 4-hour chart suggests potential for a rally to 116.04 (former double top neckline support).

The 4-hour chart also shows a minor inverse head and shoulder pattern.

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