Two scenarios for usdjpy. In the weekly time frame, the price is on a supply area. Orders in this supply area appear to have been collected and will probably inflate the price of this area and break in the next collision or break this area directly without engulfing. However, we are waiting for different scenarios to occur.
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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.