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With the appearance of the Bearish 123 pattern followed by two Ross Hook (RH) on the daily chart of the main currency pair USD/JPY and supported by the appearance of deviations between the price movement of USD/JPY and the MACD Histogram indicator (osMA), it is confirmed that in the next few days USD/JPY has the potential to continue its weakening where 149.31 will try to be tested and broken down if successful then USD/JPY has the potential to continue its weakening to the level of 146.35 and if the momentum and volatility support then 142.03 will be the next target to be aimed for but if on the way to these targets suddenly there is a significant strengthening correction especially if it breaks through and closes above the level of 153.29 then all the weakening scenarios that have been described previously will be invalid and canceled by themselves.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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