USD/JPY Faces Downward Momentum as Pressure Builds
USD/JPY’s descent from 156.74 continues after brief consolidations. The intraday focus shifts back downwards. Trading below the 38.2% retracement of 139.57 to 156.74 at 150.18 raises concerns. These movements suggest that the upward trend from 139.57 may have reached its conclusion. Traders should be alert as further declines could unfold. The pressure on USD/JPY signals potential volatility. Understanding retracement levels becomes crucial in these uncertain times. Anticipate market reactions and adjust strategies accordingly to capitalize on these trends.
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