Tradeplicity
Short

Further USDJPY DOWNSIDE?

FX:USDJPY   U.S. Dollar/Japanese Yen
40 0 2
Can we break out of this channel. If we do have a 200-300 pip impulse move. If we break above recent high of 112.200 range, we might test the top of the channel before breaking from the channel either to the upside or downside. For now our bias is to the down side.

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