currencynerd

dollar japanese

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FX:USDJPY   美元 / 日圓
a few months ago price broke out of a bearish channel pattern , forming several if not many OCLH candlesticks and creating higher highs and higher lows. Currently a monthly supply level @ 114.471 is in control , at the level reversal candlesticks formed which gave further evidence that bearish momentum is dominating the bulls. Targets are at MN demand level that caused the break of the channel.

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