USD/JPY Tests Resistance at 149.50, Confirms Bearish Trend
USD/JPY has gained ground after experiencing losses for two consecutive days. The pair is currently trading around 149.40 during the European session. On analysis of the daily charts, it is clear that USD/JPY is moving downward within a descending channel that indicates a confirmed bearish bias.
Market participants should prepare for possible volatility as the trading environment continues to evolve. This trend provides both challenges and opportunities for traders in the forex market.
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