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vdubus
May 26, 2015 8:01 AM

USDJPY SHORT 120.612 Short

U.S. Dollar/Japanese YenFXCM

Description

The pair has hit resistance on the underside of the trend just short of my previous long target 123. I'll be looking for a close below for an entry short targeting 120.612


The lower 'Test' indicator above measures the external distance between price & Bollinger bands indicating a trend reversal. Im expecting the next 'spike to sit lower than the current high. - Example below
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