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dwallacefx
May 8, 2017 12:05 PM
usd/yen
Short
FX:USDJPY
240
U.S. Dollar/Japanese Yen
FXCM
Description
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May 8, 2017 12:05 PM
The monthly bearish strength on this chart indicates that shorts are in favour. It can be seen that price has rejected the 61.8 fib level which is a great set up for a typical ABCD chart pattern.
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