USDJPY is retraced 100% from its bottom and now it is constantly making lower high as you can see in the chart. Also, it is forming a descending triangle pattern which is a bearish pattern . We might see further downside in USDJPY once it breaks out of the descending triangle pattern. One can take short trade on USDJPY for longer-term trade.
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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.
