USDJPY analysis
USDJPY Analysis: USDJPY is making bearish market structure. The pair was in a bullish trend on the 4 hour time frame however current market structure indicates that bears re dominating. Bearish head and shoulder pattern is another indication of bearish pressure. As long as price remains below 109.287, bias will be bearish. However if price goes up and breaks this level, our bias could change.
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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.