USDJPY is retesting a previously broken strong upside resistance
USDJPY is retesting the 109-110 zone, a confluence of the previously broken upside resistance. A bounce off this level, which will confirm the 4th corrective pullback wave, is required for the upside continuation to 112. A break below 109.20 will invalidate the upside continuation. A break below 109 will change the established medium-term uptrend.
Note – Look for the long trade entries on a 109.20-109.70 test
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