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USD/JPY reached the support at 104.00 and rebounded from it, forming a spinning top candlestick above that level. I think we might see it climb towards 104.90 next.
USD/JPY rallied today towards the amazing 108.75. Which is more important is that the pair conquered very significant resistance levels. Indicators on H4 support further advance and next bullish target is seen at 109.00.
USD/JPY retreated from its highest since February level and currently is gravitating around 109.00. I expect further declines towards the support at 108.65.
Expecting the pair to lose some of the gains made this week.