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DeGRAM | USDJPY structure based trade

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
DeGRAM  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Support and Resistance usdjpyanalysis usdjpysignal
16
4
trendanalysis chartpattern supportandresistance usdjpyanalysis usdjpysignal
USDJPY has reached major structural resistance and a psychological level of 148.000.

Price action is testing a psychological level of 147.500 and the Fibonacci inversion level.

The market made a double top and divergence on the daily chart, indicating a potential pullback from the structure resistance. 


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