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UnicusFX
Jun 11, 2015 10:59 AM

USDJPY Short

U.S. Dollar/Japanese YenFXCM

Description

Current situation on USDJPY we have had a big down move due to fundamental aspects and buyers entered the market at the daily 50% fib retracement level, however on lower timeframes we now have retraced to 61.8 which also aligns with the 200EMA and a previous support turn resistance so i can expect a shorterm downward movement from this level.
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