USD/JPY Price Analysis: Bulls on course for a 129.50 target USDJPY Technical Analysis
USD/JPY has indeed corrected higher and remains in the hands of the bulls as we enter the rollover and early hours of the Asian session.
As illustrated, the price is on the backside of the trend and a breakout to the upside is gathering momentum after a test of the structure around 128.80. The 38.2% Fibonacci is a first target near 129.50 with 131.20's eyed thereafter. Information on these pages contains forward-looking statements that involve risks and uncertainties.
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