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.

Share your thoughts on USDJPY here!
dsTrader74 VasilyPonomarev
@VasilyPonomarev why did you draw the uptrend line above price and not the bottom?
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