TomProTrader

#USDJPY: Bulls Negated, Ready For Sustainable Fall To Downside

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
16
The pair traded to downside with bear impulse leg. A quick rapid fall in USDJPY caused a breathe back buying period, which has created an opportunity for USDJPY to have a much healthier sustainable drop to the downside without exuberance debt. For this reason, USDJPY is likely to fall lower from here, to the lows of the measure impulse leg.

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