USDJPY Monthly Analysis
Lower Highs may indicate loss of momentum, but not the start of a downtrend, considering that lower lows have not been established yet. We can see that price found resistance at the 119.000 psychological level, and also at the 61.8% Fibo ratio.
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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.