]USDJPY has shot up to our first forecasted resistance target. We’re now seeing that it has made another bullish
exit of our long term descending resistance line and has formed a potential double bottom
reversal. A strong bounce could occur above 106.41 support ( Fibonacci retracement
, horizontal overlap support, bullish
exit level) for a push up to 107.85 resistance ( Fibonacci retracement
, horizontal pullback resistance).
(89) has made a similar bullish
exit signaling a change in momentum is occurring.
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