Hi traders. The focus is most certainly to the upside on USDJPY following the well-anticipated break of the trend line resistance as shown below:
No surprise there. With that being said we have already surpassed r1 and are sitting just under r2.
Intraday traders may want to wait for a break above r2 and look to buy a pullback to r2 on the flip side as support. A sustained break above r2 will put sights up to r3 and be mindful that Q2 targets are 115.
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