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Wikiwicks
Oct 27, 2020 8:06 AM

USDJPY accumulating more bears Short

U.S. Dollar/Japanese YenFXCM

Description

#USDJPY (4H):

Yesterday the price started pushing to the downside but a wider view revealed a possible bearish flag forming. Also, we saw the price getting rejected from the 50% fib level (psychological).

Currently the price is trying to fakeout the third lower trendline touch, which could lead to another retest of the sell area
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