Technical Analysis/Trade Ideas/USD/JPY

USD/JPY technicals: Prefer buying dips to 81.45

     The strongest trend in the market in recent weeks has been the bullish USD/JPY trend and with still 3 weeks to go before the general election, I’d say it should still have some legs to it. There is obvious support near 81.45, which is a 38.2% retracement level (always very relevant in a strong trend) and also the top of a previous resistance band. I will look to buy bounces off this level looking for a resumption of the bull trend.

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