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Skyboxpips
Jan 9, 2023 2:28 AM

USDJPY setup Analysis  

U.S. Dollar/Japanese YenFXCM

Description

Hello Traders,

We see a bullish head and shoulders in formation.

Scenario 1: We would like to see price give bullish price action and confirmation to enter buys (Longs)

Scenario 2: We would see the possibility of sell pressure continuing, Therefore, invalidating the head and shoulder formation and reaching lows.

Have a good week of trading!!
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