One of the currency pairs that appears to be showing bullish signs today is USDJPY, following a test of an important horizontal support level.

The price broke above a resistance line in a falling wedge pattern and also surpassed a strong horizontal support level.

These two bullish signals suggest a likely continuation of the upward trend.

The potential targets for this bullish movement are 156.04 and 156.99.
Candlestick AnalysisSupport and ResistanceWedge

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