Mizuho predicts this is the next $1 trillion stock
Finally, the USD/JPY is showing signs of a new very strong recovery that can take price even back to the highs seen in 2015, as we see more and more evidence that pair has bottomed at 115.97. The reason is recent sharp leg up above 120.32 where overlap invalidated any other bearish impulsive scenarios. That said, we think that pair is turning back to bullish mode so current leg can represent wave 3 of an impulse. However, we would need to see daily and weekly close prices to confirm a change in the sentiment from bearish to bullish mode.
USD/JPY, H4
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