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USDJPY Potential For Bearish Drop

On H4, with the RSI is showing a descending trendline and MACD is showing a bearish divergence, as well there's a potential "double m" pattern, we would hold a bearish bias. If the price can break the sell entry at 141.983, which is the "neckline" of the double M pattern, we can expect the price drop to the take profit at 139.396, which is in line with the 38.2% fibonacci retracement.

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