Elemont

USDJPY 1H FORECAST (BREAKOUT)

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY has just broken down from it's uptrend and now looking to test S1.
We expect price to go further and test the 200MA, before it breaks and we see further downside towards S2, which is the long-term TP.

You can enter a short-term or a long-term play, and use the support levels as confirmations and SL points.

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