Greetings Forexia faomily, lets see whats going on USDJPY. From 4hr chart i can see that the pair has overall downtrend.
Moreover, i can see that the pair has mini untrending trap trendline where most people hop on to buy the pair to catch the reversal. That mini trend has formed during “Friday, Sunday and Monday”, these days are known as trap days. Thus, i believe the pair has more potentials to go down.
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