USD/JPY Bullish Continuation Above 113.40

1 min read
tarantula fx

tarantula fx

Head of Trading

The USD/JPY has hit the target that I announced on our Telegram channel and now we see a possible continuation to the upside.
Bullish continuation suggests further upward momentum, but also pay attention to 113.30-40 breakout. Targets are 113.90 and 114.30 but only if 113.00 holds.  We see a confluence of an ascending trend line exactly cutting through camarilla pivots but in order to proceed further with the bounce, the price needs to break 113.65 – D H3. If that happens, bulls are in a full control.

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