FX:USDJPY   U.S. Dollar/Japanese Yen
279 3 8
Good morning traders,

Several factors favour a downside move in USDJPY             . Fundamentally, a delay in interest rates hike

Technically :

1. Below 50 & 200
2. A important resistance zone above 120.6
3. Descending regression
4. Bearish US Index outlook

Let´s see how it moves

Josep Pocalles
Trade active: First Target met, reduced exposure and moved SL to 119.8
http://www.realisto.net
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how did you got that important resistance? from nothing to nothing:) sorry
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Pair is unable to break above that level after 20 daily attemps , plus a series of lower highs
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UPDATE : Confirmation of bearish bias if we close below 121.75
snapshot
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