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sell USD/JPY immediately at the current rate of 161.40. The mark

Short
PEPPERSTONE:USDJPY   U.S. Dollar / Japanese Yen
sell USD/JPY immediately at the current rate of 161.40. The market has identified several support levels: 161.10, 160.50, and 160.00. These levels suggest where the currency pair might find buyers and potentially reverse or pause its decline. If the market moves against this position, it is advised to close the trade with a stop loss set at 162.00. This strategy aims to limit potential losses while capitalizing on the predicted downward trend. It is crucial to monitor the market closely and adjust the strategy as needed.

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