USD/JPY Extends Gains, Bulls Remain Engaged in the Market

The USD/JPY pair is currently experiencing a moderate increase, with a gain of approximately 0.13%. The price has rebounded from a low of 133.89 and has climbed to 134.73 thus far. The bullish side has shown strength in defending the trendline support and maintaining control over levels above 133.50. The recent rebound from the 61.8% Fibonacci level suggests potential for further growth in price. Consequently, our analysis indicates a bullish continuation as the preferred scenario.

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