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bakerboy23
Nov 21, 2017 10:41 AM

USDJPY short idea.  Short

U.S. DOLLAR / JAPANESE YENICE

Description

Head and Shoulders pattern showing some form of resistance around the 113.300 level. Without any real fundamentals I don't think a break through will be possible. December rate hike is slowly being priced in. 3 rate hikes being confirmed next year should help with short positions but a caution if the FED commit to an addition of a fourth.
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