USDJPY upside to 109.75, long term to continue

USDJPY recently formed a strong up channel and looks to continue to move in that direction based on market structure. The support at 108.65 is expected to hold and we would like to see a pop into the next resistance points. There is a level at which we can expect price to move into at 109.200 then up to 109.330 these two levels are based on the Fib retracements, the first at 50% and the second 61.8% from the resistance point.

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