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T3-Consultancy

USDJPY H1: Bearish outlook seen, further downside below 143.50

Short
U.S. Dollar / Japanese Yen (VANTAGE:USDJPY)  
T3-Consultancy  
VANTAGE:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Harmonic Patterns USDJPY USD jpy usdjpylong usdjpyshort Forex forextrading forexsignals
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trendanalysis chartpattern harmonicpatterns usdjpy usd jpy usdjpylong usdjpyshort forex forextrading forexsignals
On the H1 time frame, prices are facing bearish pressure from its resistance zone at 143.50, in line with the Fibonacci confluence levels where we could see further downside to the support-turned-resistance zone at 140.80. Prices are holding below Ichimoku cloud as well supporting the bearish bias. A break below the downside confirmation level at 141.78 could provide the bearish acceleration for further downside in prices.
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