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GWaves
May 6, 2018 6:46 PM

USDJPY | Long Entry Defined | Target Defined Long

U.S. Dollar/Japanese YenFXCM

Description

Hello Traders,

USDJPY is set to fall as the DXY index falls. However, the technicals for this particular pair tell me that price will continue to move higher. If you choose to take the short side of this trade you may do so on smaller time frame and with a tight stop loss. The goal of the short would be to see price go into the consolidation zone.
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