The USDJPY Instrument: USD/JPY price action on the H1 chart has been characterized by a bearish trend, with the price moving lower over the past few days. The recent candles indicate a strong downtrend, with the price testing key support levels. The momentum indicators suggest a continued bearish bias, with the relative strength index (RSI) in oversold territory. The volume has been increasing, indicating a higher level of buying interest in the downtrend. This suggests that the price may continue to move lower, with the potential for a deeper correction. The current setup supports the SELL signal, with the entry…

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