Based on Daily chart, USDJPY is currently hovering around 38.2% of a downtrend retracement.
Yesterday's long-legged spinning top pattern with the rising wedge pattern added to the bearish opinion.
Strategy to short USDJPY with stops near 138.7 for at least 1:1 risk-reward ratio.
Yesterday's long-legged spinning top pattern with the rising wedge pattern added to the bearish opinion.
Strategy to short USDJPY with stops near 138.7 for at least 1:1 risk-reward ratio.
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