USDJPY Short

After failing to break previous highs of October 2022 and 2023, usdjpy is at the beginning of retracement into a downward trend. The upward trend just broke, retested, and is in consolidation now creating Lower lows and Lower highs. We monitor for a break to the downside, atleast temporarily. The resistance area is at 148.591. This will be respected.
Trend Analysis

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