UJ is testing the bottom of a massive symmetrical triangle. We already broke the triangle in March but quickly recovered, this time we should see a break for good.
This will be invalidated if the upper bound of the triangle is broken. There is still a chance we can bounce back into the triangle before the fall, but the path of least resistance is short.
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Not Quite as quick as we may have expected, but none the less, JPY continues to fall against the USD
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What a turn around in the dollar... Let's see if the channel will hold or if we invalidate this idea and look long?