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USDJPY MOMENTUM HIGH FAILURE?

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Charts247TradingAcademy Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Technical Indicators Wave Analysis USDJPY usdjpyshort Technical Analysis pricebehaviour
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trendanalysis indicator waveanalysis usdjpy usdjpyshort technicalanalysis pricebehaviour
Daily Outlook is Bullish H&S Reversal pattern but not yet complete.
Hourly Momentum high @ 108.62, has failed to continue higher.
Daily Resistance is @ 108.45 area which has been tested once today, a break below 108.45 will intensify more selling in the usdjpy pair.
Comment:
So, USDJPY is luring more buyers in. This is a normal reaction and the most attractive postion is to short this pair. I will keep udating this trade. Best area to short is 108.45
snapshot
Trade active:
SELL NOW.
SL = 108.93
Comment:
Downside Momentum?
snapshot

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