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Profound_Ambition
May 23, 2019 11:08 PM

USDJPY H4 

U.S. Dollar/Japanese YenFXCM

Description

Price has made a strong bearish move off the supply zone above, breaking through the counter trendline today showing that bearish momentum remains & that the downtrend is ready to continue as the correction period is complete. Watching for a slight pullback for price to then continue lower to create a new potential lower low.

Comment

D1: 110 Key level & 109.720 area will be very difficult for price to break back above.

Comment

Rejection & price can move lower now

Comment

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