USDJPY: Retracement Towards Bottom of Rising Channel

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USDJPY H1, Rising Channel, Retracement Towards Bottom

USDJPY continues to rally amid high expectation of a rate hike this month and will probably continue tonight on a positive and supportive NFP figures.
The price is seen appreciating within a rising channel and is now making retracement towards the bottom of the channel.
The retracement is expected to be completed at support level 113.22, right above FR61.8% of the previous wave of appreciation.

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