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SwingAndPip
Nov 12, 2014 9:46 AM

Bearish Divergence Long

U.S. Dollar/Japanese YenFXCM

Description

Seeing a bit of divergence. If we cant sustain the 50MA looking for a move lower to 114.4-114. This is likely to happen as profit taking usually occurs before big event risk ie. Friday. We saw that in the GBPJPY pair today I was up 300 pips and an hour later only 200. So be careful to look for news events!
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