The USD/JPY D1 chart broke through the Fibonacci 0.236 resistance level. After the price broke through the upper resistance level yesterday, it also formed a backtest. During the period, the Fed officials also continued to hawk, and the possibility of raising interest rates by 75 basis points next month has also increased, which will still push the dollar to continue to rise.
The H1 chart can also find that the price is currently at the lower support level. As long as the price does not break through the lower support level, it can continue to be bullish. The RSI indicator has formed a golden cross, indicating that the trend has the possibility of further upside.
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