USD/JPY opened with a gap up, but the price failed to create a new higher high, instead forming a lower high. This technical signal suggests short-term bearish potential, with price likely to retrace and close the gap area before making its next move.
Recommendation:
- Sell USD/JPY
- Entry: 147.796
- Take Profit: 147.401
- Stop Loss: 148.186
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
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