luce878
Short

USDJPY strong resistance 1 hour chart

FX:USDJPY   U.S. Dollar/Japanese Yen
This may be the beginning of a downtrend. There is a strong resistance at the 124.183 level and the interesting thing is that, once it broke the ichimoku cloud on July 21, with a strong movement. It was retested again today. Now, the price is below the ichimoku cloud , the 200 MA and the 20 EMA, making it the perfect scenario for the beginning of a downtrend.
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