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USD/JPY: Ascending Channel

USD/JPY, 1 hour    SHORT 6 days ago
We can see that an ascending channel emerges, the price expects a move for the certainty of breakdown. An ascending channel can be thought of as a compelling chart formation that is angled up that can be used to signal a potential reversal in price action in case if price collapses through the support line. A bearish price action to 155.8 is possible.
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