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lluiszardoya
Jan 6, 2017 11:33 PM

DOUBLE TOP ON A WEEKLY KEY LEVEL Short

U.S. Dollar/Japanese YenFXCM

Description

After an incredible ending for the USDJPY, rallying crazy with no deceleration, it has now formed a double top on the daily chart. Giving us an oportunity to catch a downside move with a profit at the 112 level.
If a flag gets formed there, we would see a major retracement to the 106 level, but if it rejects it hard, we will se another test of the 118 level.
Hope you guys have a great start of the year.
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