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arod91
Sep 13, 2017 3:51 AM

$USD/JPY Bearish Short

U.S. Dollar/Japanese YenFXCM

Description

The behavior of 4Hrs candles temporality shows that the price has touched the downtrendline (resistance), and popped out a pin bar that reinforces the probability for a bear rally through the next days. As well, the RSI confirms the downtrend with +70, meaning that the pair shows signs of being overbought.

Entry: 110.112
TP: 108.694
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