USD/JPY is following a strong downtrend line, respecting the bearish momentum. Wait for a proper support line breakdown before entering trades for maximum confirmation. ๐
๐ Technical Analysis:
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๐ Strong Downtrend โ Price is consistently respecting the trendline
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๐ Support Line Breakdown โ Key confirmation for further downside
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๐ EMA 200 โ Acting as a dynamic resistance level
๐ฏ Technical Target Levels:
๐ 147.20 โ First bearish target
๐ 142.00 โ Final extended target
๐ข Trading Strategy
๐น Wait for a confirmed breakdown before entering trades
๐น Ensure strong bearish momentum & volume for validation
๐น Follow the trend & manage risk with a proper stop-loss above resistance
๐ The setup is aligningโstay patient, follow the trend, and capitalize on the move! ๐ฐ๐ฅ
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