Thursday Market Analysis: USD/JPY

Hello traders,

Let’s hit them charts:

1. USD/JPY

USD/JPY is looking good.

A beautiful ascending channel can be seen on the daily time frame, and the bulls are slowly gathering momentum at the key support zone.

The only problem I foresee is the Thursday and Friday red folder news events on the USD. That may shred our analysis on the USD/JPY

What say you?

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