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JohnFortune

UsdJpy - Sideways Pattern Hints Further Declines

Short
U.S. Dollar / Japanese Yen (FX_IDC:USDJPY)  
JohnFortune  
FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis USDJPY USD jpy usdjpyanalysis Forex forexsignals Technical Analysis technical_analysis usdjpyshort
2
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trendanalysis chartpattern waveanalysis usdjpy usd jpy usdjpyanalysis forex forexsignals technicalanalysis technical_analysis usdjpyshort
UsdJpy continued to decline taking out both targets and key areas of support. A re-test of the 111.719 area of support turning resistance will be a good place for more aggressive Bears to look for Shorts. Whilst more conservative Bears may prefer a break of 111.321 first. A break of the 111.321 area of support will clear the way for a run towards 110.008.
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