Razvan

USDJPY - Flag formation

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
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The last down movement, from inside the triangle, seems to have a flag correction. In this case we might expect a further appreciation of the Japanese Yen, if the lower line will be broken. Still we must be attentive at an upside break through the 38.2 and 78.72 resistance zone , which may send the dollar back to the superior line of the triangle.

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