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USDJPY potential for bullish rise towards overlap support
chart USDJPY potential for bullish rise towards overlap support. Type: Bullish Bounce. Preference: Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for price to retest the pivot which is the overlap support. Expecting price to continue bullish towards the overlap resistance level It's worthy to note that there is an intermediate resistance level where the previous swing high is. Price could reverse back down from that area.
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- Posted: Feb 13, 2023 12:33am
- Submitted by:Category: Technical AnalysisComments: 8 / Views: 1,887
