USD/JPY Price Turns Downside Despite Better Unemployment Data

The USD/JPY dropped only because the Dollar Index has plunged in the short term. The pair is still trapped within a triangle pattern, so only a breakout may bring new opportunities. Its false upside breakout signals a potential breakdown from the current formation. The USD/JPY price moves sideways, but it may escape from this range … The post USD/JPY Price Turns Downside Despite Better Unemployment Data appeared first on Forex Crunch.

USD/JPY Price Turns Downside Despite Better Unemployment
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The USD/JPY dropped only because the Dollar Index has plunged in the short term. The pair is still trapped within a triangle pattern, so only a breakout may bring new opportunities. Its false upside breakout signals a potential breakdown from the current formation. The USD/JPY price moves sideways, but it may escape from this range … The post USD/JPY Price Turns Downside Despite Better Unemployment Data appeared first on Forex Crunch.