USDJPY Potential for Bearish Continuation| 16th August 2022

On the H4 chart, prices seem to have pull back a little but the overall trend is still bearish biased. Price is moving toward the intermediate resistance at 133.908 which is the 50% Fibonacci retracement , that will be the sell entry. If bearish momentum continues, it should hit the take profit at 131.785. alternatively, it will hit stop loss at 134.582

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