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DoubleTop11

USDJPY Breakout to the downside thoughts

U.S. Dollar / Japanese Yen (FX:USDJPY)  
DoubleTop11  
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY Supply and Demand trendtrading swing trading
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usdjpy supplyanddemand trendtrading swing trading
Looking at the USDJPY the trend is down and we are coming very close in getting a breakout to the downside. Technically speaking we are very strong in a down trend. Yet fundamentally, most would say that this $100 is hard support as it's a whole number and the jpy is very weak as a currency. Personally, I'm more of a technical trader and feel that the fundamentals will come 'after the fact'. So we really need to see a lot more reversal here around $100-$107 before the Trend will reverse
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