USDJPY sell!
Price is currently trading inside what appears to be a bearish flag pattern . i expect the price to go up till the upper limit of the pattern and then continue the downward movement all the way till 131.4 ( the next major support level ) . In an event where price manages to break the 131.4 support to downside , we would potentially be looking at a change in the direction of the trend to downside . For now , my next Target is 131.4 after the flag pattern is finished forming !
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