USDJPY: Trading Range & Bearish Forecast
Updated
USDJPY is trading within a wide 4H trading range.
yesterday the price has reached its resistance and was rejected.
on 1H the market formed a double top formation with a lower high
and broke below support of a rising wedge pattern.
now the price will most likely start falling to the support of the range.
goals:
107.03 - middle of the range
108.03 - bottom of the range
Comment
bottom of the range 106.83
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