USDJPY Potential for Bearish Continuation| 4th August 2022

2022년 8월 4일

On the H4, price is bearish biased and moving strongly in an ascending trendline. It is still respecting the Ichimoku indicator, and has confirmed a strong downside momentum. It is now going to test at the first support hence entry to sell 133.99 which is at the 50% retracement and previous swing high. take profit would be at previous swing low 132.283 and stop loss at 61.8% retracement 134.667


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