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The Japanese currency clearly rebounded from the wedge that had formed over the last year. Currently, the price moves up quite strongly while creating a steeply sloping growth channel. Now we expect a rebound, and I will wait for a slowdown. A trend reversal usually has several conditions, one of which is breaking new resistance and correctness. After the EU session enters, I will see how the price will behave and whether it will give a signal to take a long position.

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