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mortdiggiddy

Risk On

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
mortdiggiddy Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Pivot Points Parallel Channel
3
0
pivotpoints parallelchannel
As Equities recover UJ is getting sold off with trade war tensions easing. Nice weekly candle off Year CAM R3. $DXY $TLT $EURUSD
Comment:
UJ has been correlated very well with SPX500 performance (this is normal), looking for a slight pullback starting next week then possibly a retest of the main channel near 111.300.
Comment:
I will look for shorts once that channel is struck but not before.
Find the edge.

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