USD/JPY has been an uptrend market for sometime now. Retracement was needed for uptrend to continue. Retracement reached the previous higher high. This should be perfect if it is a swing trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.