USD/JPY About to Break the $112 Resistance Level
EMA indicators both sets 50/100 EMA and 10/21 EMA are in a bullish divergence structure. Price action is making higher highs and higher lows. Price is also tightening indicating a breakout or breakdown is imminent. I believe this setup favors a break of resistance at $112 and eventually moves higher before retracing.
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Played out nicely
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UJ not done, expect at least a breach of 113 then retrace
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Well.. I nailed this