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USDJPY rise in progress, remain bullish

Price continues to rise as expected. We look to buy on pullback to our buying area of 102.05 for a continued rise to 103.75 which is our channel bullish exit potential + Fibonacci retracement + pullback resistance.

RSI (21) is approaching pullback support where we expect another bounce from.

analytics57a95f6e88a65.png

Trading Recommendations:

Buy above 102.05.

Stop Loss at 100.55.

Take profit at 103.75.

The material has been provided by InstaForex Company - www.instaforex.com