USDJPY POSSIBLE ACTIONS FOR THE WEEK 26/7
USDJPY daily had hit 110.58 resistance level and also a supply zone on Friday. Most Technical traders are expected to consider more sell trades. The bears seem to have started dominating this Monday Morning, and price may hit the next support at 109.69, on the contrary, if a bullish candle closes above the 110.72 region, we may see further bulls towards the next resistance 111.119.
My Overall Bias is bearish, considering the weekly candle formation in a Monthly resistance zone.
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