As I have stated A LOT OF TIMES - USDJPY was a no brainer trade if you were buying the dips. USDJPY is targeting 122.00 and wherever it gets a retracement from ( a rejection ) next buying zone remains the same -120.50-30. H5 retest at 120.70 could also provide rejections to the upside and we can clearly see that a running consolidation triangle has been broken and that the pair is like a juggernaut. Previous swings + multiple bully candles with a high momentum breakout imply that buying into dips is still a way to go.
Fundamentally Core consumer-price index climbed 0.3 percent which is the biggest gain since January 2013, which puts fundamental analysis aligned with techs for more dips buying.
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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