USDJPY Potential for bullish rise
On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from our buy entry at 135.653 in line with the pullback support and 23.6% fibonacci retracement to our take profit at 138.962 where the 161.8% fibonacci extension and 78.6% fibonacci projection are.
Alternatively, price may break entry structure and head for stop loss at 131.561 in line with the swing low support,100% fibonacci projection and 50% fibonacci retracement.
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