💡The chart shows technical analysis of the USD/JPY currency pair on the H4 time frame. Broken Structure: After several tests of the support area, the price clearly broke the structure and support. This indicates a change in trend and possibly the beginning of a downtrend. After breaking the support area, the price may move down. A retest of the broken area can occur before subsidence resumes.
MACD indicator It shows a decrease in momentum over time, which supports the idea of a weak uptrend before breaking support.
⛔It is not investment advice for educational purposes only.
MACD indicator It shows a decrease in momentum over time, which supports the idea of a weak uptrend before breaking support.
⛔It is not investment advice for educational purposes only.
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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.