USDJPY: Set up A STRONG DEFENCE LINE Long
U.S. Dollar/Japanese YenFXCM
Description
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The encirclement is gradually tighter.
A strong defence line at : SMA200 + Kumo cloud + 120.50 level/
There is a division among commercial banks.
- Morgan Stanley , Credit Sussie, and Citi go LONG.
- Danske, BNP go SHORT.
I go LONG to 121.60
Which side do you choose ?
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