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⚠️ USD/JPY Analysis ⚠️

(This is not a signal or a trading idea just an analysis)

What Is Next for USD/JPY ?

USD/JPY Analysis:

The Yen is in a clear upward movement since Jan 2021 where higher highs and lows have been posted. In mid July 2022, the price posted a deep correction to the 61.80 % Fibonacci retracement level which coincides with the strong support level around the 131. We have a strong bullish bar that was posted around this level signaling that the buyers are rejoining the uptrend. This move could lead to a move higher to push the price toward the 139 mark.

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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