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Hello, fellow traders and community members. After a long rally, we have today witnessed a price action in this pair that hints about US Dollar weakness ahead. A daily close below 114.80 will confirm the downtrend.
Or if one finds the price near 116 levels then it will be a good opportunity to sell the pair. Otherwise one can also wait for a daily candle close below 114.85 for confirmation.
USDJPY 4H CHART
Any comments or suggestions about the setup are welcome.
Happy Trading to all.
Or if one finds the price near 116 levels then it will be a good opportunity to sell the pair. Otherwise one can also wait for a daily candle close below 114.85 for confirmation.
USDJPY 4H CHART
Any comments or suggestions about the setup are welcome.Happy Trading to all.
