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Aug 10, 2017 9:22 AM

USD/JPY coming to crucial decision  Long

U.S. Dollar/Japanese YenFXCM

Description

I think the USD/JPY is coming to very important moment of where there has to either follow the 4h daily trend or be supported by the weekly wave line below. I still think there should be a reversal and a solid bounce. There are signs of DXY recovery (and EUR/USD potential reversal) which both support the long trade. Potential double top is expected, then bounce.

Trade closed: stop reached

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