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USD/JPY Stages False Breakout With a Move Lower Growingly Likely

09/27/2024

Less than a minute

2024.09.27 10:11

The reversed hard today after producing a short-term false break higher from the descending channel.

This might be the start of another leg lower gunning for a lower low. 139.57 is the 1st target on the way down. We will be holding this point of view as long as the pair trades below 145. USD/JPY-Daily Chart