USDJPY TECHNICAL ANALYSIS; BEARISH VIEW
USDJPY currently in a bearish channel, higher risk currencies instead are in a bullish continuation. From my technical analysis I expect price to move down to key level 103.300 finding a strong support. If price is able to respect the bearish trend line and key level 103.300 becomes resistance we can probably see a further down move to 102.960 and 102.610, until making a new lower low.
I will keep my analysis updated. Stay tuned for possible position opening.
I will keep my analysis updated. Stay tuned for possible position opening.
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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.