The USDJPY is extending to a new high for the day. The move higher today took the price above the swing highs from earlier this week and last Friday near 158.248. After reaching a high at 158.46. The price rotated back lower, tested the break level at 158.248 and found support buyers (red numbered circle on the chart above). Holding that level gave the buyers confidence and the price has moved to new highs. The high just reached 158.742.What next?Well... the high going back to 1990 reached on April 29th extended to 160.208. That got within 20 pips of the April 1990 high at 160.40. Those are targets now.A better question is where do the sellers take back control, even if it is the smalles
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