*Forecast invalidated / Patterns invalidated*
USDJPY is trending up on the 4 hour and 1 hour time frames so it is best to follow the trend and look for any possible bullish scenarios that shows USDJPY can continue higher. On the chart below we can see two possible bullish patterns (blue, red) with both BUY trigger levels practically aligned. These bullish patterns can push USDJPY higher and it is strongly possible that the pair will find support and bounce in the 104.35 – 103.85 area. Buyers should be careful if USDJPY continues lower below 103.45. If USDJPY breaks below this level it is possible the pair will continue lower.
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