USDJPY is testing the confluence of the support
USDJPY is testing the support confluence 108. A bounce from here is important for the upside continuation and extension higher to 111 again. We need to see a break below 108 for invalidation and a deeper pullback. As long as the pair is above 108 we could swing upside continuation.
Note – Look for long trade entries upon a break above 108.50 as this will be a bounce confirmation and place a stop loss below 108
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