DeGRAM

DeGRAM | USDJPY confluence level

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY has reached a confluence level where: resistance, fibo cluster, and harmonic pattern.

Price action is testing a major resistance where the price made a sharp move down.

A false break is going to be an ideal signal to short the market at the confluence level.

We anticipate a bearish move and a test of the descending channel.


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