USDJPY Daily Analysis
If the actual daily candle closes below the previous support, then we may think about the current situation as the start of the decline phase, also confirming that the March-May zone was actually a distribution. Also, price found supply at the 100 SMA and the 50% Fibo retracement.
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full analysis:
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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.