HumbleTraders

USDJPY consolidation before upmove

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY had few weak days indeed. As there are no fundamental reasons to short this market at this stage, we assume long up trend to resume from 1.1520 area (50ma). This position could be easily stopped and reversed if market conditions change. Lets see.

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