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kfrivaldo
Nov 7, 2016 2:52 AM

Near term Bearish USDJPY Short

U.S. Dollar/Japanese YenFXCM

Description

Price Action - previous candle (in W1) formed bearish engulfing the opened by a huge gap.
MACD - still in bullish formation
RSI - still in bullish formation

this near-term bearishness is possibly a correction or consolidation for what might be a long-term bullish run.
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