USDJPY DOUBLE SETUPS AFTER US SPEECH
On USDJPY, we have a price that, after consolidating around 141.70 following Powell's remarks, has introduced two possible scenarios. The first scenario is a long one, with a breakout of the 142.30 level, a potential rebound in the demand zone, and further long positions. The second scenario, on the other hand, involves a break of the 141.30 level, a rebound in the supply zone, and a subsequent bearish rally. Patience is key. Share your opinion. Greetings from Nicola, CEO of Forex48 Trading Academy.
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