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USDJPY: Important Breakout & Bearish Continuation



🔻USDJPY finally broke and closed below 104.0 major structure support on 3d/d timeframes.

now this structure turned to resistance.


In my view this breakout defines midterm/long-term sentiment on the pair and sellers will push lower.


we can not define the exact time horizon for now, but the next goals for sellers are:

103.1

101.2


(it is not a trading recommendation, I will be looking for a retest of the broken level first to join this short rally)

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