Here is a possible scenario for USD/JPY (15 Minute Chart). Unfortunately the pair did not confirm the breakout as I was hoping and has since dropped back to the 90.40 area. There is a fair amount of support at the 90.20 area from an upwards trending support line. a downward sloping resistance turned support line and also the 38.2% Fibonacci of the entire move up from 89.15. USD Bulls should look to increase their long exposure at this level if the patten plays out as predicted.
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