- USD / JPY could be about to step in and be the basis for a bullish extension.
- The bears are testing the foundations of the bulls at a key support.
- USD / JPY is trading lower on the day between a range of 109.50 and 109.07.
The USD/JPY has tested the daily support structure at today’s lows, leading to prospects for a bullish continuation.
The structure and bias are illustrated below from a daily and 4-hour perspective:
Daily chart
4 hour chart
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