USDJPY: Channel Up on its new bullish wave to 163.500.

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USDJPY just turned bullish on its 1D technical outlook (RSI = 55.178, MACD = 0.170, ADX = 54.805), holding the 1D MA50 as Support for 2 straight weeks, confirming that it is on the new bullish wave of its 1 year Channel Up. We expect another +7.70% bullish wave in total, TP = 163.50.

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