Daily outlook for USD/JPY. After long downtrend the pair turn to sideway trend, with resistence at around 104,2. The next move can be again downtrend with retesting the price 101-100 in long term.
After breaking the 104,2, the uptrend should continue
After breaking the 104,2, the uptrend should continue
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2H chart
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Possible Long setup, if price drop to 61,80%. Then buy in long-term view.
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Uptrend channel
