USDJPY analysis - Distribution phase
This is my USDJPY 4H analysis. After a strong rally, the price broke the trend channel to the upside and shows some indecision, it is consolidating. The market is probably in a distribution and preparing for a drop to accumulation. Let us pay attention to price action so we can securely place our sell orders.
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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.