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JoeChampion

USDJPY Potential Downsides as we approach FOMC

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
JoeChampion  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Fundamental Analysis Beyond Technical Analysis USDJPY USD jpy buy LONG Bullish Patterns technicalanalysiss Contains image
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trendanalysis fundamental beyondta usdjpy usd jpy buy long bullish technicalanalysiss containsimage
Hey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 133.8 zone, USDJPY is trading in a downtrend and extending pullbacks seems to be approaching the major trend around 133.8 Support and Resistance zone.
Fundamentally the Market is expecting rates cut and fed pivot. more of a dovish Fomc gives us more of a weak Dollar and considering that JPY is considered a safe haven in this type of environment USDJPY shorts should be a perfect catch.
Trade safe, Joe.
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