The USDJPY is fluctuating below 131.24 and the short-term trend of the US dollar against the Japanese yen is suffering.
With the breakout of 131.24, the market will reach 261.8% Fibonacci at 133.26.
However, a downward divergence is seen in the four-hour MACD indicator. If this divergence works, it confirms the formation of a short-term price peak at 126.91 and the short-term USDJPY trend will decline.
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