USDJPY overall trend is bearish, clearly demonstrated by the lower lows and lower highs in the downtrend channel. Good risk to reward trade with multiple confluences at 109.900. Harmonic, downtrend channel, quarter resistance at 110. Short, SL around 30 pips. TP 107.500
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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.