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USD/JPY broke resistance level 112.90

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  • USD/JPY broke resistance level 112.90
  • Next buy target - 114.00

USD/JPY has been rising in the last few trading sessions inside the minor impulse wave 3 which broke through the resistance trendline of the daily down channel from the end of October and the resistance level 112.90 – which stopped the pair earlier this month. USD/JPY is expected to rise to the next buy target at the next resistance level 114.00 (which reversed the price in October and November).

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