USD/JPY bounce back nicely assistance, remains bullish

The price has fallen to the purchase of our region and has started to rebound as expected. We remain optimistic looking to buy hollow above 111.71 support (Fibonacci retracement, horizontal drop support) to push further, up to at least 113.41 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).

RSI (34) considers the support of more than 50% in the case where we expect to continue the bullish momentum.

Buy above 111.71. Stop loss is at 110.97. Take profit is at 113.41.

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