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MarcellusLUX
Jul 14, 2021 7:14 AM

USD/JPY retests broken trendline, down trend may resume Short

U.S. Dollar/Japanese YenFXCM

Description

USD/JPY fell quite heavily last week. Since then, there has been a moderate pullback.

Currently, price has retested the broken trend line. If USDJPY, doesn't manage to break above
the broken trend line convincingly, then there is a chance for a drop back to 109 level.

I would recommend selling USDJPY@110.50-110.70 with SL above 111 and TP at 109.20
Comments
emillyricci
Looking forward to seeing how this plays out
PEAKBUL_FX
I'm waiting for the bear candle happen to enter the sell trade. Thanks for sharing your prediction.
morshed15710
same to you
Helical_Trades
Good job! ✔🦐
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