USDJPY's Sharp Decline
Solid ECN – The USDJPY pair saw a sharp drop after hitting the Ichimoku cloud. It's now trading below a resistance level formed by the cloud. A closer look at the USDJPY 4-hour chart shows the price falling within a channel. The pair is currently at the 78.6% Fibonacci support level.
Given the technical indicators, it seems this support might break, continuing the bearish trend.
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