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USD/JPY - Cypher pattern

FX_IDC:USDJPY   US DOLLAR / YEN
  • The daily chart shows the pair is flirting with the falling trend line (Blue line). It also appears the leg 'D' of Cypher pattern has resumed and the 78.6% of XC is seen at 112.80 levels.
  • On the other hand, a failure to do so followed by a break below 109.11 would open doors for a sell-off to 108.00 levels.
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