Usd/Jpy Market outlook
Context:
price continous to stayy within its range of (118.600 / 120.400),
we just recently tested 120,140 again, and price rejected there creating a double top, and broke a demandline
we currently retest the recent high respectively 120.140, any lower high may cause a further
down move till 119.630
signs of strength:
support holds
rejection of fomrer broken resistance
signs of weakness:
resistance still holds
rejection of fromer MP
broken demadnline
price continous to stayy within its range of (118.600 / 120.400),
we just recently tested 120,140 again, and price rejected there creating a double top, and broke a demandline
we currently retest the recent high respectively 120.140, any lower high may cause a further
down move till 119.630
signs of strength:
support holds
rejection of fomrer broken resistance
signs of weakness:
resistance still holds
rejection of fromer MP
broken demadnline
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