USDJPY analysis
USDJPY Analysis: USDJPY is making bearish market structure. The pair was in a bullish trend on the 4 hour time frame however current market structure indicates that bears re dominating. Bearish head and shoulder pattern is another indication of bearish pressure. As long as price remains below 109.287, bias will be bearish. However if price goes up and breaks this level, our bias could change.
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