The USDJPY pair has been trading within a Channel Up since the December 28 2023 market bottom and has started the new Bullish Leg on the May 03 2023 bounce (Higher Low) on the 1D MA50 (blue trend-line).
The previous two Bullish Legs rose on average by +8.00%, so we expect a similar development. As a result we are bullish, targeting 163.000.
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The previous two Bullish Legs rose on average by +8.00%, so we expect a similar development. As a result we are bullish, targeting 163.000.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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