FXROCKSTAR

USDJPY can it be stopped!?

FX:USDJPY   U.S. Dollar/Japanese Yen
USDJPY             has been climbing since July after spending a few months consolidating. We have created a channel back dating to lows and highs of 2012.

USDJPY             has just hit our 161% fib from 2009.

The perfect setup would be for this pair to reach 118.732. From their we would confirm heavy ressistence and be looking for a excellent position to go short.
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