USD/JPY on the 4-hour chart seems to be continuing its bearish bias after being corrected and testing the 131.78 level now in the near future USD/JPY will try to fall down towards the 130.58 level where the bearish bias of this major currency pair has been confirmed by its movement. is below the 100 EMA but if on the way down there is a sudden upward correction which exceeds the 132.53 level then the decline scenario described will become invalid and cancel by itself.
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