Possible Setup for the Yen

FX:USDJPY   U.S. Dollar / Japanese Yen
467 0
The pair USDJPY looks quite down to me. If the pair break the resistance line then we may see a long setup, but looking at what seems to be happening is that the BoJ wants to increase the yen so badly! In case if it breaks above then long setup will be validated and we may look again for further trades. But for now, we will go for a short trade.

Trade according to your own risk!
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