USDJPY is trading in bullish parallel channel and completed the AB=CD pattern within the channel. After pattern completion the pair is lacking bullish momentum starting to change its direction from bullish bearish and seems like bears are taking control. If the bears continue to took control , their next target will be 140.80 region followed by 140.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.