USDJPY: Minor correction, then bullish trend continuation
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On February 6th, I made a prediction regarding the USDJPY currency pair, indicating the commencement of a bullish trend following the breakout of the bearish channel. The prediction was supported by technical analysis on TradingView (check here: https://www.tradingview.com/chart/USDJPY/ALjbWS2n-USDJPY-BULLISH/)., and since then, there has been a notable upward price rally of more than 650pips.
While minor corrections to 135.00 region may be expected, the bullish trend is still in effect, and I anticipate that the currency pair will reach the 142.00 price objective this March, followed by a significant downward correction.
For traders who wish to benefit from this bullish trend, it is recommended that they seek high-quality intra-day setups that are consistent with the overall bullish outlook.