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U.S. Dollar / Japanese Yen
Long

USDJPY - Bullish Idea

By WrightWayInvestments
Updated
As shown USDJPY has broken out of the bearish channel and showed and showed support with a bullish momentum with a double bottom and by jumping from the trend line of the bearish channel. Moving forward we can expect USDJPY to continue moving towards the target levels of 134.000, 137.000, and 140.900 with an invalidation level of this idea being at 127.996.

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TP 1 SMASHED!
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Still going!
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TP 2 SMASHED
breakouttradingBullish PatternsChart PatternsDescending ChannelTrend AnalysisUSDJPYWave Analysiswavetheory
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