USDJPY remains within a Bearish Flag pattern, a technical signal indicating potential continuation of the downtrend. After a pullback to the previous resistance area, the price shows renewed bearish pressure. Under these conditions, USDJPY is likely to weaken further toward the classic support area as its next target.
Trading Recommendation:
- Sell USDJPY
- Entry: 147.280
- Take Profit: 145.481
- Stoploss: 148.283
*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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