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Saad-ElFayed
Apr 19, 2020 7:38 PM

USDJPY: The bearish trend is confirmed. Short

U.S. Dollar/Japanese YenFXCM

Description

After neglecting the Corona Virus fear spikes. At position:
(1) The prices were stopped by the 106.900 support after it broke both
the bullish channel.
(2) The prices retested the broken bullish channel.
(3) The prices were stopped again by the 106.900.
(4) The prices retested the bearish trend line confirming the return of
the USDJPY to the bearish trend
(5) that would be our entry signal after a clear close below the 106.900.

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Comments
transparent-fx
here is what I have from a MTA perspective on it
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