🇺🇸 USDJPY 🇯🇵 - Current bearish trend. support breakout ahead
The currency pair continues to form a bearish trend. There are quite a lot of preconditions for further breakout. for example - breakout of 141.6 support will send the price even lower
The beginning of correction ↓:
1) Dollar weakness after the news
2) Dollar weakness strengthens the Yen
3) A retest of 141.6 support will lead to a breakout
4) There is no resistance zone below the level and the price will calmly head towards 139.0.
5) Bearish trend
The beginning of correction ↓:
1) Dollar weakness after the news
2) Dollar weakness strengthens the Yen
3) A retest of 141.6 support will lead to a breakout
4) There is no resistance zone below the level and the price will calmly head towards 139.0.
5) Bearish trend
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