The USDJPY pair has formed an ascending channel on the H4 timeframe, within which the price is moving. Recently, there was a rebound from the upper boundary of this channel to the support level of 158.14. If the price breaks below this level and consolidates below it, the next target for a continuation of the bearish move could be the support level of 157.27.
Forbes contributors publish independent expert analyses and insights. Erik Sherman reports on business, economics, finance, tech, and law. Wooden blocks with the word GDP and up and down arrows. An ...
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