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false breakout occurring, the price tried to break through the Chanel, but the bears are taking the action now with a bearish engulfing candle. The price might go back to the support of the Chanel before retesting the major resistance level.
rsi showing a clear overbought in 4h timeframe at a resistance area
fibonacci retracement a 2 key levels where we have a short order and a tp
stop loss 10 pips above of resistance level
UsdJpy technical analysis showing people some support and resistance areas, currently being on a horizontal resistance and Chanel resistance, indicating for a short position with two possible targets
