USDJPY BEARISH FORECAST
USDJPY has recognized a crucial support level. A bullish channel is evident, with the upper boundary now functioning as a resistance. Anticipating a bearish reversal, the expectation is for a potential decline towards the lower boundary. The highlighted resistance zone has proven to be a significant sell area based on past price action.
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Related publications
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.