USDJPY pair broke down downward trend line drawn from last year’s highs. After breakout price rose for two days, but actually we are witnessing a downward correction. The logical goal for this correction may be around 112.00. In this area intersects both the broken trend line and the 20 day SMA. If price reaches support area mentioned above it is possible that it will return to growth from there. It is worth watching how the price action will behave and respond accordingly to buy signal.
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