USDJPY - LONG TREM

Overall, the general direction is a downtrend.

Uptrend Scenario: The bullish momentum remains strong as long as the price trades above 143.53, with potential to rise toward 147.07 and beyond to 150.07.

Correction: A correction towards 143.53 is expected before the price resumes its upward movement.

Downtrend Scenario: For the bearish trend to take hold, the price needs to close a 1D or 4H candle below 143.53, and more importantly, break through the zone between 140.67, targeting 137.61.
Chart PatternsHarmonic PatternsTrend Analysis

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