ftonialfred

Look ahead into USDJPY

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OANDA:USDJPY   美元/日元
USDJPY has been in consolidation for some time yet. Looking at the 4H, price failed to make a Higher High and instead came down to make a Lower low. Price is retesting that broken zone and looking to make another HL. Fail to break upwards from here, we could see price come back down to last months low of 110.000-109.800 zone. Overall bias is bearish especially with the Yen gaining strength.
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