USDJPY market plans to set up below the consolidation level of 112.690 zones as a result of sellers’ persistence in the market. The bears plan to set up the movement of the price in a bearish order flow in the market. Furthermore, the sellers are willing to cause a huge movement in the market as the bearish price momentum proceeds with the trigger. Despite the bull’s effort in taking the price to a high-significant level of 115.500 zones, the sellers now withhold the strength of the price action, which reflects that the bullish trend is over and the bears are swift to continue.
USDJPY Price
- Post author:IQQTrading
- Post published:December 2, 2021
- Post category:Forex
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