SteynTrade
Long

USDJPY Redistribution Starts Next Week?

FX:USDJPY   U.S. Dollar/Japanese Yen
143 0 11
Following the Wyckoff evaluation of the USDJPY             from the previous two weeks it looks as if the first Mark Down Phase has now completed. The market could go into a redistribution phase and trade in a narrowing trading range for most of the rest of the year. If this is the case we should see a rebound next week from the Brexit affected lows of this week.
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