HKDJPY - Potential Sell After Support Break
HKDJPY has successfully broken a support level and it may be retesting it as resistance. If the price confirms resistance at this retest, I anticipate a bearish move toward 19.64974 level. Conversely, a failure to hold resistance could indicate a continuation of the bullish trend.Traders should look for bearish confirmation signals, such as bearish engulfing candles or increasing sell volume, before entering short positions. Agree with this analysis? Let’s discuss further in the comments section!
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