FX_Rhapsody

USDJPY Breakdown Analysis

FX:USDJPY   U.S. Dollar / Japanese Yen
Looking at USDJPY we want price to break below the support or break above the descending trendline for any movement. so let keep an eye on this pair this week for either a buy or sell. COT shows no major movement in net positions against the Yen, but the Yen is sitting on a extreme low so a possible positive net increase could be on the cards this week, pushing the price down.
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