• USDJPY rising inside impulse wave 3
• Likely to rise to resistance level 128.00
USDJPY continues to rise inside the minor impulse wave 3, which started earlier from the key support level 125.00 (former top of wave (3)).
The support zone near the support level 125.00 was strengthened by the support trendline of the nearby up-channel from March.
USDJPY can be expected to rise toward the next resistance level 128.00 (target for the completion of the active impulse wave 3).
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