USDJPY Bearish Pattern Formation

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is trading in channel pattern after the movement of the big downside. It has also formed a bearish Descending Triangle Pattern, within the channel pattern, as shown in the chart. Soon, we might see a breakout of a bearish pattern. One can initiate the trade on the breakout side with proper risk management and stop loss.


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