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USDJPY has been in a confirmed downtrend for the last few days. We are not expecting this to slow down anytime soon. We are expecting to see USDJPY to continue to fall with a possible bounce at the $100 . A simple chart, but it get's the point across. We are currently short on USDJPY and will not place long bets until we see a trend reversal. There is just to much downward momentum to try to predict when a bull move will take place.
Indicators Used in this Idea:
Auto Support with Resistance Lines
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