JP225 index is decreasing after an extended consolidation, this situation has pushed USD/JPY lower, now is testing the support from 124.16 but maybe will try another bullish momentum. The price has found an important resistance at the WL1 (take a look on the chart below). If the price will consolidate above the support line then the pair will continue the upward movement. Any decline below 124.14 will push the price towards 122 zone.


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