Having hit a strong daily resistance once again, USDJPY has started rejecting 109.578. Development of any bearish momentum will solidify the bearish bias and further validate the Daily resistance level.
Observing how price reacts in and around this area.
Observing how price reacts in and around this area.
Note
Resistance level broken. Bearish bias invalidNote
Should a rejection occur around 110.173 the price may decline as earlier anticipated. At the moment we are still in bearish territory.
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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.