USDJPY long view
USDJPY has the potential for a new bullish impulse. On the chart, all indications point to a potential dollar recovery against the Japanese yen. We have support at the 61.8% Fibonacci level, as in the previous pullback, and additional support is the lower trend line. We also see a retest on the support zone, which is an additional indicator that we could see a continuation of the bullish trend. The target zone of the new bullish impulse is up to 143.00-144.00, around 38.2% Fibonacci levels.
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