Today, the USDJPY experienced a dramatic plunge. Prices tumbled relentlessly from a peak of 150.844, settling around 149.789 after a tumultuous half-day.
A glance at the analytical charts reveals that the pair has breached nearly all significant support levels, and the outlook remains in favor of further declines, much to the delight of the bears, with the breached trendline signaling their stronghold. The bears are now fortifying their positions and aiming for a target at the 149.15 mark.
A glance at the analytical charts reveals that the pair has breached nearly all significant support levels, and the outlook remains in favor of further declines, much to the delight of the bears, with the breached trendline signaling their stronghold. The bears are now fortifying their positions and aiming for a target at the 149.15 mark.
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