USDJPY: Swing Long Explained 🇺🇸🇯🇵

USDJPY is trading in a bullish trend.
After the price set a new higher high on a daily, the pair retraced to a rising trend line.

Testing that, the market formed a double bottom formation and broke its neckline then.

Bulls will most likely keep pushing the pair.
Next resistance - 137.39

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