↪️USDJPY was in an upward trend and reached a new high before entering a consolidation phase in a tight range on the 4-hour chart.
To consider shorting the currency pair with confirmation, it is recommended to wait for a breakout below the support level of the range.
A confirmation of this breakout would be a 4-hour candle closing below the support level. If this occurs, a bearish continuation towards the 147.78 level can be expected.
To consider shorting the currency pair with confirmation, it is recommended to wait for a breakout below the support level of the range.
A confirmation of this breakout would be a 4-hour candle closing below the support level. If this occurs, a bearish continuation towards the 147.78 level can be expected.
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