Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
I am expecting the usdjpy to continue its move upwards.
The most recent high is just under 121.
The daily chart currently shows the pair in a range, with strong bull signs.
With the stochastic indicator also crossed upwards.
The weekly chart shows the bollinger bands tightening. I am forecasting a break-out in the upward direction with 123 as a possible target.
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