jefftan
Short

USDJPY : NEEDS TO BREAK THE BLUE SLIDING PARALLEL

FX:USDJPY   U.S. Dollar/Japanese Yen
165 1 1
Price is trying to switch to the blue channel but it has to break and close below the downsloping blue sliding parallel.

Market flow is down.
Price is firmly now in blue channel territory. Look for opportunity to short on upward retracement with target at bottom of the blue channel.
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