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Black line- support trend line (broken)
Yellow rectangle- horizontal support
USDJPY is trading around 136.06. Price is under pressure as Dollar weakens after the better than expected Non-Farm Payrolls announced in US. Dollar is getting hit. Technically USDJPY back tested the broken trend line earlier today and got rejected. Price hit the black trend line from below and got rejected. This price action is bearish. Line in the sand for the bullish trend is the horizontal support shown by the yellow rectangle. This is the last line of defense for bulls. A break below the 135.25 area will confirm that short-term trend has changed to bearish and we should expect a deeper pull back.
*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。
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