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Head and Shoulder on USD/JPY

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
tradingdiaries  
FX:USDJPY   U.S. Dollar / Japanese Yen
Head and Shoulders
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headandshoulders
The USD/JPY is comming down to the neckline of a head and shoulders formation.
Now waiting for the breakout and a return to the neckline to enter a short trade.

SL: Around 118.324
Target: Around the support at 105.556.

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