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USDJPY: Potential Key Level Trade



USDJPY is trading in a strong bullish trend .

After the price reached 111.0 level, we see a retracement leg.


Currently, the price is retesting strong daily support (previous structure high).


To catch a trend following move, wait for a breakout of a resistance line of a falling wedge pattern on 4H.

It will be a perfect confirmation.


First goal will be 110.4


In case of a new lower low formation on 4H, the setup will be invalid.


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