VasilyPonomarev
Short

USDJPY May Retrace From 110.0 Level

FX:USDJPY   U.S. Dollar / Japanese Yen

USDJPY Remains bullish .
I believe that buyers will go even higher and our first pivot point is 110.0 level.

This level combines a horizontal resistance and a rising trendline .

Look for a reversal formation within the underlined area to short the market.
Target levels are: 109.5 / 109.0
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Medium term bull run may be ending having crossed the 1.618 level. Agreed on looking at retracement to confirm trendturn before entering short.

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dsTrader74 VasilyPonomarev
@VasilyPonomarev why did you draw the uptrend line above price and not the bottom?
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