Recently, the USD/JPY has been trading downwards. As I expected, the price tested the level of 114.60. According to the 4H time frame, I found that downward channel is still very active. Sellers are in control and my advice is to watch for potential selling opportunities. The first downward target is set at the price of 114.60.
Trading recommendations for today: watch for potential selling opportunities.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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