JamieHolmes
Short

short-term downward bias for USD-JPY

FX:USDJPY   U.S. Dollar / Japanese Yen
35 0 1
There has been a break of fractal support at 113.416 so strong downward momentum expected in short-term.

Also, the market has recently closed below the conversion line suggesting a higher probability of a downward move compared to previously when the market was above the conversion line.

Next fractal supports lie at 113.276, 113.25, 113.22 and 113.15.
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