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Mihai_Iacob

USDJPY on its way to resistance

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Mihai_Iacob  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY usdjpyanalysis usdjpysignal signals forexsignals
44
15
trendanalysis chartpattern indicator usdjpy usdjpyanalysis usdjpysignal signals forexsignals
Two weeks ago I've suggested a buy trade for this pair around 132 and, indeed, after the pair reached that zone, it reversed to the upside.
At this moment 132 should act as very strong support and UsdJpy could continue its rise towards 138 zone resistance.
In conclusion, I'm maintaining my bullish bias for this pair and buying dips remains my recommended strategy. 
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