USDJPY Under More Pressure

Hi Traders!

USDJPY is under more pressure as we head into the final trading days of the year.

Here are the details:

The price action here on the 4H chart is extremely bearish. The 20 EMA has been broken, the market swings are getting lower and lower without any bullish pullbacks suggests that there are hardly any bulls in the market at this current time.

We anticipate that the market will soon break below the 140 psychological level.

Preferred Direction: Sell

Technical Indicators: 20 EMA

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BluetonaFX