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RKarina

USDJPY: trading is in the red

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
RKarina Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Technical Indicators USDJPY optionsstrategies intradaytrade Forex signals Technical Analysis longsetup
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trendanalysis harmonicpatterns indicator usdjpy optionsstrategies intradaytrade forex signals technicalanalysis longsetup
The USDJPY has been relatively stable today, hovering around the 147.57 level and near the EMA lines on the 1-hour time frame. There are indications of a short-term price decline, as a double top pattern is forming with support at 147.400. If the pair breaks below this support level, it could open up more opportunities for sellers, with an initial target of 146.70 in sight.
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