USDJPY places new descending top
Target: 111.40
Risk: 113.20
Technical reasons:
Placing new descending top and breaking the ascending channel’s support line again pushes the price for more expected decline, and the next target is testing 111.40 level.
Breaking this level will push towards areas below 110.00, while surpassing 113.20 will revive the chances of rising again.
Risk: 113.20
Technical reasons:
Placing new descending top and breaking the ascending channel’s support line again pushes the price for more expected decline, and the next target is testing 111.40 level.
Breaking this level will push towards areas below 110.00, while surpassing 113.20 will revive the chances of rising again.
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