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USDJPY IS EXTREMELY BULLISH

Updated

USDJPY is very bullish this week. On May 10th, USDJPY was able to successfully break out of the downtrend. Price re-tested the breakout and formed a bullish flag on the 4H time frame. The 50 & 200 ema just crossed today on the 4H time frame which indicates another push higher is very likely. There is also a bullish flag resting on the 1H time frame trendline.

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