This is my idea on USDJPY. This pair is in a Downtrend for a long time. I have 2 setups, going SHORT below 106.416 and going LONG higher than 106.943. For both scenario I will wait for price to make its move and I will wait for confirmation and candlestick patterns. I have also see that last week price closed with a bearish engulfing pattern at trendline and at a 50% fibo retracement.
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