USDJPY: Very Bearish Sentiment
USDJPY had been consolidating significantly since mid-December, trading within a large horizontal range on a daily timeframe.
However, following the release of certain fundamental news, the currency pair appears to have a strong bearish outlook.
The breakout below a support line within the range suggests that a bearish accumulation phase has been completed.
This could lead to further declines, with attention now turning to the next support level at 154.4.
However, following the release of certain fundamental news, the currency pair appears to have a strong bearish outlook.
The breakout below a support line within the range suggests that a bearish accumulation phase has been completed.
This could lead to further declines, with attention now turning to the next support level at 154.4.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
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.