Technical analysis on the Japanese dollar - USDJPY

Technical analysis on the US dollar against the Japanese yen:

The pair bounced from the upper leg of the ascending channel, and fell correcting to the support level 104.40, in conjunction with the lower uptrend of the ascending channel, within which the price is moving upwards. Traders are advised to enter long positions inside the ascending channel and above and from the support level of 104.40 while maintaining an appropriate stop loss for all trades.

Technically: the pair is up as long as prices are inside the ascending channel on the H4 frame

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