After breaking the 106.00-106.50 consolidation to the downside, USDJPY has continued its descend and dropped also under 105 important support.
Now the pair is trading exactly in 104.30 support and a correction and confirmation of 105 as new resistance is not out of the question.
Keep in mind that the trend is clearly down and a buy trade should be on short term with a tight stop loss.
Now the pair is trading exactly in 104.30 support and a correction and confirmation of 105 as new resistance is not out of the question.
Keep in mind that the trend is clearly down and a buy trade should be on short term with a tight stop loss.
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