USDJPY is very bullish. Its so bullish I believe that another 23.6% retracement is available. The daily retraced to the 23.6% Fibonacci. After an indecision candle, price formed a strong bullish engulfing. The 4H has given a strong signal that should grab our attention. A correction trendline has been broken with a lot of volume, the moving average is relatively close to crossing up.
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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.