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USDJPY More Downside Potential, Wait For Sell Setup
U.S. Dollar / Japanese Yen
Short
USDJPY More Downside Potential, Wait For Sell Setup
By jojofang0901
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Updated
Mar 20, 2023
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Mar 16, 2023
USDJPY has been pushing down since it hits the previous highs to form a double top.
With a ascending channel correction, price indeed reversed down impulsively, and form continuation correction along the way.
Bow that we have push down more, and another consolidation has formed, usually give us a indication of more downside opportunity.
Wait for current correction to complete to push the price down even more to previous lows.
Mar 20, 2023
Comment
if price can break this low
and form continuation price action
it can push down the price to next low
Bearish Patterns
Chart Patterns
correction
Flag
jpy
Parallel Channel
pattern
priceaction
structure
USD
jojofang0901
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