The above weekly chart of Usd/jpy indicates a breakout from a falling wedge pattern which has very bullish implications for the pair . The Usd/jpy pair could rise sharply from his level over the coming several weeks and could even break the previous top at around 118.50 level .
The pair had also made a double bottom at around 108.50 level and this gives the pair a solid base to rally . Usd/jpy pair could continue to rise sharply over the next several weeks and months .
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