USD/JPY Price Analysis: Bulls move in ahead of a 38.2% correction USDJPY Technical Analysis
A geometrical H1 chart pattern is starting to form., whereby the price had been drifting toward a 38.2% Fibonacci retracement of the prior bullish impulse. The bulls are making a move that could start to dissolve the downside corrective extension bias as the following will illustrate,is holding onto the 134 area and bulls are moving in, testing resistance in what could otherwise be a correction underway aiming for the trendline support and lower territory in the 133s.
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