dlifestyletrader

USDJPY reversed at HnS neckline

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY has pulled back from an HnS and found resistance at the neckline.

It has completed at least 2 bullish waves which have also taken 3 trading days and thus USDJPY may resume falling soon.

Traders may consider selling at the current price but keep in mind that the market may pull back a little further, at the most at 105.20.

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