FX:USDJPY   U.S. Dollar / Japanese Yen
- USD/JPY             is another pair on my watch list. I been anticipating a lot of Dollar weakness for sometime now since the beginning of March. I have UJ to continue lower, there is some nice support at 111.640 that I would want to see broken before I get short. I would also get short if I can get some cheap sells around resistance at 115.000 price point. Price is showing a lot of trouble at the 61.8 Fibonacci level. A break of the CTL near the support level would be good confluence to get short as well. I would like to see this pair continue down toward the 100.500 price point at least.
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