ovidiu_andi

USDJPY Daily Analysis

Short
ovidiu_andi Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
If the actual daily candle closes below the previous support, then we may think about the current situation as the start of the decline phase, also confirming that the March-May zone was actually a distribution. Also, price found supply at the 100 SMA and the 50% Fibo retracement.
Comment:
full analysis:
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