USD/JPY Price Analysis: Bears need to make their move or lose control in the 133s USDJPY Technical Analysis
moved into a phase of consolidation below 133.00 the figure, a correction into the W-formation´s neckline was anticipated illustrated as follows:
It was explained that the bears needed to get over the 132.50s structure and onto the backside of the hourly micro bullish trend as illustrated above.The topping pattern was put into place but there was no bearish engulfment and the price spiked into stops instead. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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