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USDJPY: Consolidation & The Next Bullish Move đŸ‡șđŸ‡žđŸ‡ŻđŸ‡”

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USA-dollar/Japansk yen (OANDA:USDJPY)  
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OANDA:USDJPY   USA-dollar/Japansk yen
Rectangle Candlestick Analysis Support and Resistance USDJPY priceaction priceactionanalysis priceactiontrading priceactionstrategy USD jpy yen japaneseyen
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rectangle candlestick supportandresistance usdjpy priceaction priceactionanalysis priceactiontrading priceactionstrategy usd jpy yen japaneseyen
snapshot

USDJPY is currently consolidating within a horizontal range.
Taking into consideration the fact, that the pair is trading in a long-term bullish trend,
probabilities are high that the market will resume the growth soon.

Your confirmation will be a bullish breakout - a daily candle close above 146.6 - the upper boundary of the range.

A bullish continuation will be expected to 148.0 level then.

Alternatively, remember that the price may also drop from the underlined blue resistance and keep consolidating.

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