USDJPY is Trading in Descending Triangle Pattern, also it is trading on the downside while looking at the pattern, we might see the price consolidation within the support line and resistance line as shown in the chart. If the USDJPY breaks, from the descending channel pattern on the downside, we might see further long term downtrend in USDJPY .
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Vivek
have half a decade of experience as a trader and enthusiastically learning & developing new strategies and convert it into algorithm trading & also analyzing the companies with ESG method.
