Cabana Capitals Blog Technical Analysis USDJPY approaching important bearish key level

USDJPY approaching important bearish key level

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USDJPY is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 148.2220, unless it runs out of momentum and pulls back to current levels.

Supported by Downward sloping Moving Average

Target: 148.222 Entry: 149.029 Stop: 149.404

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