USDJPY is seeing bearish momentum as it holds below moving averaeg. A break and close below Pivot, in line with 50% Fibonacci retracement and 61.8% Fibonacci extension, could see price swing towards 1st Support, in line with 161.8% Fibonacci extension and -61.8% Fibonacci retracement. MACD holds below 0 line as well.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-facing-bearish-momentum-potential-drop"
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