Cabana Capitals Blog Technical Analysis A potential bearish movement on USDJPY

A potential bearish movement on USDJPY

A potential bearish movement on USDJPY post thumbnail image

USDJPY is moving towards a key support level at 155.0200. This is a previously tested level for USDJPY. This could be a good trading opportunity, either at the spot price, or after breaching this level.

Supported by Downward sloping Moving Average

Target: 155.02 Entry: 155.446 Stop: 155.6417

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