The price has now reversed from its big bearish move and has bounced from a key level of support. The price has also broken a key descending trend line, I am eyeing for a retracement to the 61.8% retracement - which is a previous level of support and will be looking to enter from there.

There's a lot of bullish potential from this pair, I'm just waiting for the right opportunities.

USD/JPY is definitely my most favorite pair.
Trend Analysis

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