JPY at Key Zone – EURJPY & GBPJPY Could Drop 1k+ PipsExactly one year ago, the JPY Currency Index broke above the falling trendline of a falling wedge, signaling the end of a bearish cycle that had lasted nearly five years.
As is typical after long-term reversals, the reaction was sharp and fast, and the price quickly reached the first resistance tar
JPYX SHORT IDEAPattern: Rising Channel Breakdown
Entry: Price has broken below the rising channel, confirming a bearish structure. Retest might occur before further downside movement.
Target: Looking for price to reach the key support zone around 745.0
Confluence:
• Trendline break
• Lower highs forming
• Poten
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Displays a symbol's price movements over previous years to identify recurring trends.