USDJPY: Important Breakout 🇺🇸🇯🇵

7 בפבר׳ 2023

I spotted a great example of a bullish reversal on USDJPY.
The pair formed a double bottom formation on a daily time frame
and broke a resistance line of a falling parallel channel.

The underlined blue area is a buy zone based on a broken neckline and a trend line.

The pair will most likely keep growing to 134.4 / 137.63 levels.

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