Forexianet

USDJPY 100+ PIPS SELL EASY PIPS

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
6
USDJPY is a negative correlation with GOLD, I am expecting a pullback of about 100+ pips. Sell limit orders could be placed around 111.7 and 111.8 with stop loss at 112.25 , look to take profits in the 110.7 area, then may expect reversal.

Analysis also in sync with GOLD negative correlation.

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