USDJPY is showing exhausting at current levels of key resistance. A break in lower trendline might trigger a continuation of its bearish stronger trend that could extend around 103.00-102.00 levels. Looking for confirmation to enter shorts positions. In case it makes a new high and a candle closes above 106.25 levels this idea would no longer be valid.
Comments
LumTuck
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Um, touches above 106.25.... still eager to see if it will close above this level!