USDJPY H4 | Bullish momentum to continue

2月5日

USD/JPY is trading close to a pullback support and could potentially bounce off this level to rise towards our take-profit target.

Entry: 148.165
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level

Stop Loss: 147.252
Why we like it:
There is a pullback support that aligns close to the 50.0% Fibonacci retracement level

Take Profit: 149.748
Why we like it:
There is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level

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