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USDJPY testing resistance, watch for breakout!

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
ICmarkets Broker  
FX:USDJPY   U.S. Dollar / Japanese Yen
Harmonic Patterns Trend Analysis Chart Patterns USDJPY USD jpy usdjpylong usdjpyshort Forex forextrading forexsiganls
79
1
harmonicpatterns trendanalysis chartpattern usdjpy usd jpy usdjpylong usdjpyshort forex forextrading forexsiganls
USDJPY is testing our first resistance at 110.492 (horizontal overlap resistance, 61.8% Fibonacci retracement) where it could potentially breakout of this level and rise to our resistance at 111.50 (horizontal swing high resistance, 100% Fibonacci extension, Elliot wave structure, 76.4% Fibonacci retracement).
RSI (89) is also seeing a bullish exit where we might see a corresponding rise in price.
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