After going on a tear on Feb 19, USDJPY has hit a top and has traded sideways. After forming two bottoms today, there is evidence that it is a support and a trade can be safely entered. Target top of the channel or 112.47
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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.