USDJPY resurged and broke the last swing high, forming a Broadening pattern. However, further price movement is needed to confirm the trend.
If USDJPY stays in the range of 142.80-145.00, the price may continue to consolidate.
Conversely, if USDJPY falls below 142.80, the price could confirm a bearish reversal.
If USDJPY stays in the range of 142.80-145.00, the price may continue to consolidate.
Conversely, if USDJPY falls below 142.80, the price could confirm a bearish reversal.
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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.