01.16
USDJPY is currently trading between the critical resistance at 121.408 and the support level at 120.627. If the pair successfully breaches the key level at 121.408, it will generate a buy signal with immediate target the profit-level at 121.720 and even higher at 121.877. A predefined initial stop loss is highly recommended at the swing's bottom at 120.627 to minimize risk.
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