USD/JPY Price Analysis: Bears in control below trendline resistance – by fx_ross USDJPY Technical Analysis
was rejected at the trendline and was printing a low of 135.85 the low prior to a correction of the gap.is compelling. This is a reversion pattern that is drawing the price back towards the neckline of the formation between 136.50 and 137.00. While below the trendline resistance, the fact that the December 15 bearing bar's support was broken, the bias is firmly weighed to the downside.
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