USDJPY Bearish USDJPY is currently in a Bearish Descending Channel. Looking for bullish momentum to slow down and consolidate towards the top of the channel. Personally looking for either an ascending channel , or break of any consolidation at the top of the structure + any Rejections. The more confluences the better. However if Bullish momentum does not slow down and we see a break + a Bearish Flag we could see price push higher (111.70).
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