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Short

Usdjpy- 5 reasons to short it

FX_IDC:USDJPY   US DOLLAR / YEN
26 0 0
Here are my 5 reasons to short usdjpy            
1) some good resistance on the current level
2) 61.8 retracement of the price, might indicate formation of an abcd pattern
3)completion of abcd at a previous demand
4) the target is also a 1.27 extension number
5) Formation of a pin bar might on the 1 hour chart could futher signify a reversal

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