USDJPY Daily Analysis – August 24, 2023

USDJPY has experienced a significant development as it broke below the bottom of the rising price channel on the 4-hour chart. This breakout implies that the previous upside move from 138.05, extending to 146.55, has potentially concluded. With the breakout indicating a possible reversal in the pair’s direction, a further decline is expected in the … <a href="https://www.forexcycle.com/short-term-forex-analysis/136726-usdjpy-daily-analysis-august-24-2023.html">Continue reading<span> "USDJPY Daily Analysis – August 24, 2023"</span></a>