Participant

The price wasn’t able to stay above 120.47 and now looks like will go down on short term. You can see on Daily chart that the price is moving sideways since the end of last year, the price needs to break the support of the ascending mini channel. The pair is also below the WL1, this is a bearish signal but we need another confirmation, will be best if we’ll wait until the price will close below 118,54. Maybe the price will try to approach support area between 115,35 and 115,85.

usdjpy

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