USD/JPY -19/01/2023-
• Descending bearish channel in play
• Sellers got the upper hand
• First bearish sign is the breakout below the ascending channel which was there since March 22
• Second bearish signal is the death cross of the 200 Day MA above the 50 Day MA
• Next bearish target is 126.40 followed by 125.10
• Resistance at 135.10
• Sellers got the upper hand
• First bearish sign is the breakout below the ascending channel which was there since March 22
• Second bearish signal is the death cross of the 200 Day MA above the 50 Day MA
• Next bearish target is 126.40 followed by 125.10
• Resistance at 135.10
Ramzi Abou Abdallah, CFTe, CMT
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