USDJPY is currently in a bullish trend. The pair has retraced to the demand zone at 121.5 and has broken out of the descending trendline showing a possible trend continuation pattern. We expect the price to continue to rally to the previous swing high.
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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.