ElemontFX
Short

USDJPY POTENTIAL BREAKOUT

FX:USDJPY   U.S. Dollar/Japanese Yen
59 0 1
USDJPY             is trying to break below its local flag pattern (currently retesting the bottom trendline). If it successfully rebounds now we will see a new short-term bearish trend towards support and price may seek to retest the top of the former major flag pattern.

If price goes back into the local flag pattern we will have to wait for a new trigger
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