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JPYBASKET Potential Move – Technical Outlook

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JPYBASKET has just broken out of its bearish channel, signaling a potential shift to bullish momentum after being under pressure since March.

Currently, price action suggests a move to close the gap and target the 6.844 resistance level, with a possible extension toward 6.942.

However, before confirming a strong bullish continuation, a deep retracement could occur. This aligns with the Fibonacci retracement levels and key support zones (as marked on the chart), making them crucial areas to watch.

📌 Key Levels to Watch:

Support Levels: Fibonacci retracement areas (see marked levels)

Resistance Targets: 6.844 → 6.942

⚠️ Disclaimer: These are my personal views, not financial advice (NFA). Always trade with proper risk management.

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