USD/JPY has bounced after reaching important support from the trend-line at 102.60. From this level it has started to resume its dominant up-trend. It will probably go higher, eventually, reaching the 104.15 resistance level. A move above 103.20 would help provide bullish confirmation. However, a break below the 102.65 lows would change the outlook to more bearish, and lead to a possible move down to a target at 101.45.
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