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The USDJPY has formed a Bearish Engulfing Bar (BEEB) on the daily chart. This BEEB is from a swing high and recent resistance.
For a move lower to occur the BEEB low would need to be taken out. Support is fairly close and any trader looking to trade this pair would need to keep this in mind.
If price moves higher the next resistance is 80.40.
USDJPY DAILY CHART
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