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JPY pairs Weekly Outlook and Trade Setups

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@nsg_usd - 1 hour ago
Quoted - nsg_usd

USDJPY- Trade Update
The week started with reactions from the support Level at 158.53, preventing price from declining downwards, while price is struggling to break above 159.500 resistance level.

On the 4hr, price has created a bearish flag pattern. Invalidation of this flag to the downside will signal price is ready to sell, but if the flag expands into a bigger bullish channel breaking above the resistance at 159.78, then bullish activities will kick in strongly.

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