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USD/JPY has bounced to our profit target as expected. We now remain bullish with the break of the major resistance at 101.25 (horizontal resistance, Fibonacci retracement) with a double bottom reversal confirming the push up to 102.10.
RSI (34) has made a bullish exit triggering a bullish move from here.
Buy above 101.25. Place stop loss at 100.80, and take profit at 102.10.
