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USD/JPY 200EMA and 50EMA gap close

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
rodrader  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators shortsetup Fibonacci Retracement Fibonacci Confluence gapclose 50ema-retest 50emabreak
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trendanalysis chartpattern indicator shortsetup fibonacciretracement fibonacciconfluence gapclose 50ema-retest 50emabreak
On the daily timeframe the price action tried to break the 200EMA but instead it retested it and now it's going bearish. On the 4h timeframe the price action broke the 50 EMA and now we may have an opportunity to go short. Wait for confirmation when price action retest the 50EMA a gap close towards 200EMA will be happening. Go short around 104.977 and take profit approximately at 104.410 or where the price meet the 200EMA.

Don't just copy trade. Trading is risky! Good luck.
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