USDJPY drops another leg down

FX:USDJPY   U.S. Dollar / Japanese Yen
This channel is currently holding up nearing today's market close. For those looking for an optimized trade, I would actually leave any short entries to Monday's open. Given the current selling, we can expect a gap up as traders are looking to cover. Once the gap up occurs, I would be looking to enter short once again at the much better price. Pair continues to remain bearish as long as it is in this downward channel . Finally, price crises below the moving average giving us another reason to remain bearish .
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