USDJPY has been in a clear uptrend recently. However, a noticeable bearish divergence, coupled with a trendline break, suggests a potential shift toward bearish sentiment. A break of the current support level could present an excellent selling opportunity for a quick target profit.
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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.