• Vasily Trader

USDJPY: Important Breakout & Bearish Continuation (forecast)

As we discussed earlier this week, 🔻USDJPY looks very bearish .

Now we see one more bearish clue: confirmed breakout of a bearish flag pattern on hourly time frame.

With a strong rejection from its resistance, and consequence lower high, pair looks overwhelmingly bearish .

I expect a drop to lower price levels.

First goal - 103.58


The price can go even lower. Apply trailing stop to catch a major swing move.

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