USDJPY: 110.40 Holds the Key to a 112.00 Retest

Just when it looked like USDJPY bulls would give up trend line support that extends from the 2018 low, they managed to push prices higher by 150 pips. And instead of a mere trend line, it appears that we now have an ascending channel to work with. At the moment, the USDJPY is trading at 110.72. That…

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