In my opininion USD/JPY currently has drive for a short positions. Looking to the monthly chart USD/JPY still has some power for trending down because price was rejected by resistance level previuosly.
On the daily chart i can see that price right now is in the FLAT mode so i believe that there will bee continuation of the downtrend.
For a short time period i would short.
Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view.
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