USD/JPY is displaying a strong rally away from 108.80 region where a corrective wave 2 of a higher degree was completed. Current impulsive activity can now be the start of a change in trend, that will push price towards 113.0 and above. A decisive breach of 110.80 swing zone is an indication for a bullish reversal in play and as we can see on the updated chart minor wave two can be in progress.

USD/JPY, 4H

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