Did USDJPY Produce a False Break Higher?
Did USDJPY Produce a False Break Higher?
The USDJPY reversed hard today after producing a short-term false break higher from the descending channel. This might be the start of another leg lower gunning for a lower low. 139.57 is the 1st target on the way down. We will be holding this point of view as long as the pair trades below 145.
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