Weekly Technical Analysis of THE USD-JPY

Japanese Dollar: The Japanese dollar is trading on the D1 chart - within a bearish channel. But the price is now about to get rid of the negativity and then break the channel and break free above the downtrend. The pair is buying after breaking the upward channel and the appearance of a buy signal on the MACD indicator. Traders are advised to maintain a suitable stop loss for all of their trades

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