Huge Descending Triangle

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Chris Borowik
Chris Borowik published an idea on USDJPY, D1
last month

USDJPY currency pair is in interesting formation. This geometry is similar to Descending Triangle pattern, which is very bearish. Price is pushed down by trend line and pushed up by support line of around 104.300. Now price is near this horizontal line. If this level will be crossed successfully, it would be signal for upcoming loses. Potential target of decrease could be around 99.500.

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