USDJPY: Ascending channel, resistance
The currency pair continues to be in the upward price channel. At the moment, it is consolidating at the upper border of 109.9. This is a trait test of resistance and there is a possibility that a false breakout will be made. I expect this false breakout with a further entry into the channel and a decline to support the price channel
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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.