USDJPY: Strong bearish sentiments

Retail long positions are growing, a sign of bearishness coming into play.

Many overhead resistance levels at this zone preventing price from pushing higher.

Strong downtrend intact, with price slowly forming higher lows and lower lows.

The next big move downwards should be coming soon.

USDJPY Short
Entry is valid as long as price is below 104.70

Entry: 104.20
SL: 105.10
TP: 102.35
Trend Analysis

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