USD/JPY Price Analysis: Bears move into the in-the-money longs, front side of bull trend USDJPY Technical Analysis
, the correction is underway. The following illustrates the prospects of a bullish continuation following a move into the in-the-money longs: The bulls had picked up a discount and the market has subsequently rallied, reaching very close to a -272% With the bulls still in control, it was stated that there are prospects of a continuation toward the greyed price imbalance area in the 135s:
A break of trendline support, however, would be troublesome to such a bias as illustrated in the prior analysis as follows:Share:Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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