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srStreets

Strong Resistance, Short Range Breakout Setup

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
srStreets Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Chart Patterns Harmonic Patterns
5
0
chartpattern harmonicpatterns
Price Ranging forming a symetrical triangle.
In the middle of the triangle an almost perfect bearish bat is formed. Bat is followed by a Pennant.
Short if price breaks the bigger symetrical triangle
Strong resistance in the 1.27 fib of this week's uptrend.


Comment:
Cypher on the daily
snapshot
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