The upside rally of the currency pair has been revived.
The USDJPY has crossed the 129.39 level and the US dollar is bullish against the Japanese Yen. Currently, the price is focused on the key level of 130.04. With the break of this rate, the market will reach the estimate of 61.8% of Fibonacci at the rate of 135.03.
From the sellers’ point of view, the break of 126.91 support is necessary to form a short-term price peak. Otherwise, the market outlook will remain bullish.
* Technical H4 analysis of USDJPY
* Technical daily analysis of USDJPY
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