Key moment for USDJPY! USDJPY continues its big bearish tr | FBS Analytics
Key moment for USDJPY!
USDJPY continues its big bearish trend and is heading for a big decline. Now the chart has formed a descending channel, within which a correction is possible, so there can be two scenarios:
If the price bounces off the lower trend line, it will reach the resistance level at 141.700. However, the bearish sentiment is very strong, and it is possible to break below the trend line and decline to 138.800.
What do you think the USDJPY is bullish or bearish today? Share your opinion in the comments!
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