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USD/JPY: Descending Channel

USD/JPY, 1 hour    SHORT Dec 21
A descending channel turns up, USD/JPY demands a next bearish move as a sign of a breakout. A descending channel represents a compelling price indicator that signals a bearish move once price breakdown occurs. USD/JPY does not rule out a move to the 143.2 level as door open for the continuation of the downtrend.
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