USDJPY TECHNICAL ANALYSIS

Over the past few days we saw how DXY went down to an extent which gave pairs such as GBP/USD a bullish movement, we saw a bullish movement of over 300 Pips for GBPUSD

DXY have reached a support zone on the 4hr timeframe and there is a possibility we bounce up from that zone

DXY reaching the support zone, we should expect a bounce from this zone

The Japanese Yen have not been doing quiet well for a while now , and we have seen the USD go up against the yen , i am expecting a bullish movement from USD/JPY to around 144.00

A retracement down to 140.20-140.00 then an upward movement to 142.00

There is a huge chance USD/JPY retraces down to 140.20 before going back up , i am a swing trader and i already took my trade from 140.20 earlier today but we might revisit that area, all buy positions are valid as long as it doesnt break 139.50

USD/JPY is long term bullish

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