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traderknudsen

Fading the short term trend

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
traderknudsen  
FX:USDJPY   U.S. Dollar / Japanese Yen
2
7
Here we have a correction against the major down trend and it hits resistance from trendline and fibonacci level 0,786 ( an important leven for currency pairs.
I belive we have a short opportunity, unless the price action breaks out and dont fall down again.
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