BEARISH MOVE FOR USD/JPY

Price formed an ascending channel immediately after the breakout of the Large Bear Flag. This gives us a clear indication that price is about to reverse to the downside. We target the lower trendline of the large bear flag as por minimum take profit level and target even lower if price breaks below the large bear flag.

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Ascending ChannelBearish PatternsChart PatternsTrend AnalysisUSDJPY

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