USDJPY - Price Has Broken Multi-Year Resistance
USDJPY has broken a multiyear trendline resistance and has broken out of a massive pennant pattern. This could signal the beginning of a major bullish run. Price looks to have pulled back and retested this trendline. Trend needs to hold as support with price breaking out into new local highs to solidify this breakout. If that happens this pair could run as high as 125 where its next major resistance level sits.
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