A bullish trend is now in action as you can see the green arrow shown on the hourly USDJPY chart at the current time which is supported with a bottom located at 107.95 which can be also used as a very strong support that the price shouldnt go below it if the bullish trend still strong.
Also the parabolic sar dots is showing above the candles which is a sign that the price is heading down for a while.
when buying trades take a place I think then the resistance 108.55 can be a good area in order to close some open positions as the price has a good chance to go south after hitting it.
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