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USDJPY: ⬇️ Sell
– USDJPY reversed from resistance area
– Likely to fall to support level 151.00
USDJPY currency pair recently reversed down from the resistance area between the strong resistance level 153.000 (which stopped the previous impulse wave i) and the upper daily Bollinger Band.
The downward reversal from this resistance zone is lily to form the daily Japanese candlesticks reversal pattern Evening Star.
Given the strength of the resistance level 153.00 and the overbought daily Stochastic, USDJPY currency pair can be expected to fall to the next support level 151.00.
Source: https://fxpro.news
