USDJPY is sliding over to a bearish territory

USDJPY has reached 132

 

USDJPY is testing the critical downside resistance 132. A break below this resistance could lead to a further downside extension heading to 125.40. A confirmed break below 132 would mark a beginning of a larger bearish reversal. Any possible bounces should be contained at 135. 

Note: look for the short trades upon a break below 132 or look to short on a bounce to 135

 

 

 

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