This pair is drifted more into panda bear party recently. The down trend is likely more intensely bringing into support area. Forecast short selling for this pair before another analysis.
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Seem like this pair is fighting to the top. But, the trend can not fight with the resistance. I still open my short positions, due to the trend is still valid.
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Japan slips into recession, slump set to worsen as pandemic wreaks havoc.
The world’s third-largest economy contracted an annualized 3.4% in the first quarter, preliminary official gross domestic product (GDP) data showed, less than a median market forecast for a 4.6% drop.
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