USDJPY will drop
The USDJPY currency pair is presently exhibiting a substantial bearish divergence, as indicated by the CDV analysis. Given the prolonged period of sideways price movement, it is reasonable to anticipate a downward movement.
The short setup presented here provides a Risk-Reward Ratio (RRR) of approximately 2.4:1.
The short setup presented here provides a Risk-Reward Ratio (RRR) of approximately 2.4:1.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.