We had a false breakout above the 124 level but the price wasn’t able to stay above this resistance, the price looks very heavy right now and maybe we’ll have a bearish momentum on short term. The support can be found somewhere around 122, the price could test this area again. The Nikkei index looks exhausted after the last bullish swing, a bearish momentum is likely.The pair can move sideways until the price will gain enough energy to continue the upward movement.


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