🇺🇸USDJPY🇯🇵 - Currency pair is preparing for growth
USDJPY may show strong growth on the background of weakening Japanese Yen and strong dollar. The price is testing the resistance. Consolidation is forming. If the price returns to the resistance again, the chances of a breakout will increase. The target in our case will be 151.7
Reasons for further gains:
1) Strong dollar
2) Consolidation forming without any strong decline
3) False break of support forms a retest of resistance
4) Upward trend
5) Price does not reach risk zones from below
Reasons for further gains:
1) Strong dollar
2) Consolidation forming without any strong decline
3) False break of support forms a retest of resistance
4) Upward trend
5) Price does not reach risk zones from below
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