USDJPY is inclined to more downside
On the USDJPY daily chart, we can see that the pair is rejected from the 112 level and we are seeing the downside extension into the long-term support 110.500. Now only a daily close above the 112.500 level will lead to invalidation of a downside.
Note: look for the short trade entry with the stop loss above the 112.200 level
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