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cheminacci

Key Support Shelf Broken on USDJPY

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
cheminacci Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY yen yenshort usdjpyshort Bearish Patterns structure Weekly Charts usdjpyweekly cheminacci
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usdjpy yen yenshort usdjpyshort bearish structure weekly usdjpyweekly cheminacci
With a major structure level at 115.561 being broken USDJPY appears to be very bearish in the upcoming weeks and months. With the implementation of negative interest rates, and break in support USDJPY is likely to revisit the 110.00, 105.00 and potentially 100.00 levels.
Trade active:
Target 1 hit
Comment:
Looks like this pair is still headed on its way down
Trade active:
Target 2 hit.
Comment:
After a retrace, market looks like it's preparing for another bearish move
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