Yen Short into LTF Resistance Zone
The market opened with an initial push higher, reaching into key resistance levels. With price facing rejection at these levels, we anticipate a potential pullback or further downside movement. The setup suggests a bearish outlook as we look to hold positions for a continuation of the downward trend. Keep an eye on how price interacts with resistance, as failure to break through could signal further weakness in the Yen.
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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.