USDJPY- Technical Commentary

USDJPY- Technical Commentary

Ankit Nagpal
03 Sep 2019 06:50 PM
A look at the daily chart of USDJPY is helping out to draw a conclusion that the pair is struggling to sustain or stable at higher levels - every rally seems to be sold out in USDJPY. Price action is trading in downtrend channel - following a proper formation of lower highs with lower lows. Within the boundaries of downtrend channel - the pair seems resisting at a short term downward sloping trend -line - the hurdle seems strong as the pair has made many attempts to break above the zone, but couldn't succeeded

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