Mihai_Iacob

UsdJpy- New leg down to 132 zone?

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
After the recent top at 138, UsdJpy has started to drop and broke under the 135 key zone.
The recent rise is corrective in nature and, with 135 acting as strong resistance at this moment, we can expect a new wave of selling pressure.
I'm bearish on this pair as long as the price is under 135 and I'm looking for good sell entries with 132 support zone target.
This scenario is negated by a break back above resistance


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