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WaveRidr
Aug 9, 2017 12:42 PM

USDJPY - Broken trend line - 108 Long

U.S. Dollar/Japanese YenFXCM

Description

All of the trades seem to depend on the USDJPY, it is in a short term bearish movement that would appear to have a final target of 108, the Yen pairs and indices are unlikely to make good positive progress until the USDJPY either hits that final target or fails to do so reversing course at the trend line on the chart. Once USDJPY does make a bottom expect trades to trigger and make excellent progress for at the very least a substantial bounce and perhaps new highs.
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