USD/JPY – Bounced from its Support as Predicted
The USD/JPY pair bounced from its support zone on a 30 minute frame. This support zone was given in our analysis yesterday. The price has broken the upward channel (shown in orange lines) which represents the weakness for the price action. The pair is also trading below the 50-day and the 100-day moving averages which mean the bulls have lost their control.
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