Another beautiful pairing on the JPY. Ascending trendline has been broken and a triple top/divergence can be spotted on the recent structure highs. However now the price is a bit stretched out towards the downside, hence a pullback would be logical at this level. A pullback to the 121.447 region which is also the 50%-61.8% fib golden retracement level.
False breakout will not be in consideration first, unless other indicators say so. If price goes beyond 123.800. The short setup will be invalid
False breakout will not be in consideration first, unless other indicators say so. If price goes beyond 123.800. The short setup will be invalid
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