USDJPY Bullish Engulfing Hourly Chart

Resistance: 82.53 minor Support: 82.14 minor/81.91 moderate/81.52 strong Bullish Engulfing is a moderately reliable bullish pattern in an already bullish market. At current levels USDJPY is already overextended, intraday traders should consider tightening their stops to pattern lows and avoid new positions. Swing traders should have their stops under 82.53 if not 82.14 while waiting for a further rally. Learn more about the chart patterns and how to recognize them in our Learning Center:

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USDJPY Bullish Engulfing Hourly Chart

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