Part 2: USD/JPY Chart Analysis
It seems that, due to the upcoming NFP news (which will be released shortly), the price is in a state of uncertainty. If the downtrend or price correction continues, this is one possible scenario we could see. However, it might also be better to stay risk-free or even close the trade here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.