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NickFi
May 7, 2017 3:53 AM

USDJPY resistance level reached? Short

U.S. Dollar/Japanese YenFXCM

Description

USDJPY is swimming in a channel. The resistance line has been reached, but perhaps it will go a bit higher than that (just to prove it does not listen to resistance and support lines), but then it will sink lower.
Or maybe not. The channel could well be a part of a bullish flag.
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