USDJPY: 300+ Pips From Previous Idea, What Hold Next?

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Hey Everyone

USDJPY is on a roll! It’s rebounded a whopping 300+ pips and is now on the positive side. We reckon it’s going to keep climbing in the coming days as DXY is starting to regain its strength.

And here’s the cherry on top: there’s some exciting news coming up, including the NFP tomorrow. This could really boost the USDJPY to a new record high.

But remember, when trading, it’s crucial to manage your risk carefully.

Now, let’s talk about the potential for a significant market movement. We’ve spotted a chance for a substantial bullish swing that could reach around 2050 pips. We’ve also identified three potential targets, so you can choose the one that best fits your analysis.

The main driver behind this move is the reversal of the Japanese Yen (JPY) from a bullish trend to a bearish one. So, let’s be cautious and use precise risk management techniques during this period.

Good luck and happy trading! 😊

Oh, and if you’d like to help us out, here are a few things you can do:

- Like our ideas
- Comment on our ideas
- Share our ideas

Thanks a bunch for your support! 😊

Cheers,

The Setupsfx_ Team

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