On the USDJPY chart, we can see that the pair is testing the support 110.500-111 support zone where the wedge rising line is. This zone should hold for the upside continuation and a retest of the 113 level. Only a daily close below this level would invalidate the uptrend and could lead to a deeper pullback into the 109 level.
Note: look for the long trade entries with the stop loss below the 110.500 level in case of a bullish price action reaction from the support zone
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