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<p>According to the 4h chart, the skewness of the pair is a downside and escalating after the risk aversion sparked by the apprehension of the CFO of Huawei. An open descending channel is constructed with the pattern. Consequently, the overall trend for the short-run is bearish. Technical readings add credence to the analysis as the Bull power are mostly negative and MACD in the unfavourable area. It is highly recommended that investor go short on this pair. The entrance can be taken on the 23.6% retracement level and cease on 112.310 at the lowest low on November.</p>

JPY remained skewed to downside

Dec 01 2020