USDJPY showing bearish strenght (LL and LH structure)
#USDJPY (1H):
The price failed to push above the daily descending triangle and now price action is showing a downtrend structure. This is also confirmed by the broken wedge.
Anyway, a retest of previous swing low zone and a strong rejection to the downside is what we would need
The price failed to push above the daily descending triangle and now price action is showing a downtrend structure. This is also confirmed by the broken wedge.
Anyway, a retest of previous swing low zone and a strong rejection to the downside is what we would need
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.