USDJPY bouncing nicely above strong support!

USDJPY is testing our major support level at 107.15 (horizontal overlap support, 50% Fibonacci retracement level) and approaching our ascending support line. A strong bounce could occur at this support level , pushing price up to the next resistance level at 107.789 (61.8% Fibonacci extension level, horizontal overlap resistance, 50% Fibonacci retracement level).

RSI (89) has a nice ascending support line that is maintaining our bullish bias.
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