As we can see, the USD/JPY is in bearish momentum at the moment.
The fact that the price broke out the last low of the recent uptrend indicates that.
It seems the price on his way To reach the demand below,
The supply above can be a great level to join this bearish momentum,
I’ll wait there to sell and my target will be the demand below which is a great level for reversal position,
If the price reaches that demand I’ll buy there. both levels are for swing traders, and in both cases, I’ll act on the first touch of the price.
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