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orvilleawright
Sep 22, 2016 4:30 PM

USDJPY Price structure analysis (1H) Short

U.S. Dollar/Japanese YenFXCM

Description

USDJPY Price structure analysis (1H). After a strong move down and a break of support, price is now retracing towards the resistance zone. Look for short opportunities as I expect a next leg down and price to retest the 100.00 level. Look for bull traps for shorting opportunities. Wait for price action to confirm the reversal.
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