USDJPY bearish reversal | 21st July 2021
Prices are reacting below the of 110.017, in line with descending trendline resistance, 78.6% and 161.8% . Prices are expected to reverse off this level and take support at 109.064, in line with horizontal swing low support and 78.6% . Alternatively, if prices break above the trendline, it may face resistance from stop loss at 110.699, in line with 127.2% . is approaching resistance at 91.71, further supporting our view.
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