USD/JPY- Bounced from its support zone as predicted- What Now
The USD/JPY pair bounced from its support zone on a 30 minute time frame as predicted. This support zone was given in our analysis on the 17th of September. The price is trading above its upward trend line which confirms that the after bouncing from its support zone, the uptrend is still in intact. Moreover, the price is trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which is a further confirmation of the above argument.
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