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Mihai_Iacob
Oct 10, 2020 6:12 AM

UsdJpy- A new drop to 104.50? Short

U.S. Dollar/Japanese YenFXCM

Description

After breaking above 105.80 short-term resistance, UsdJpy stopped its ascent in 106.10 strong resistance and finished the week under 106.00 zone putting in a nice "evening star" candles formation on our daily chart.
I believe that we are in for a drop for this pair and a swing trade target can be 104.50
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