USDJPY Channel Up aiming higher.

The USDJPY pair has been trading within a Channel Up since the December 28 2023 market bottom and has started the new Bullish Leg on the May 03 2023 bounce (Higher Low) on the 1D MA50 (blue trend-line).

The previous two Bullish Legs rose on average by +8.00%, so we expect a similar development. As a result we are bullish, targeting 163.000.

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