USDJPY has been showing strength and resilience in last 4 days. Technical pattern which is currently shown on H4 chart is clearly V shaped reversal/ Diving Board and it marks strong bounce off important 120.00 zone. Currently the pair is struggling to break 123.35 and above the level pair is considered bullish. If 123.50 breaks the pair could head towards 124.45 , previous double top which shows a confluence with 124.35 resistance. If the pair breaks 122.90 it could gain additional momentum
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