RenkoMaster

Yen to fall, dollar to gain

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
75 views
2
Yen is clearly becoming overvalued post Brexit. Currently, the situation appears to be working itself out into another risk on recovery which indicates future yen weakness. On the 2H chart, we are at a downwards support line that is bound to act as a strong buffer against further USDJPY weakness.

Look for indications to buy and good luck.

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