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T3-Consultancy

USDJPY is seeing bearish momentum, further drop to be seen

Short
U.S. Dollar / Japanese Yen (FOREXCOM:USDJPY)  
T3-Consultancy Updated   
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY usdjpytrading usdjpyshort usdjpylong USD jpy forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern usdjpy usdjpytrading usdjpyshort usdjpylong usd jpy forextrading forexsignals
Prices are facing bearish pressure from resistance in line with the 61.8% fibonacci retracement and broke the previous low as well. We could see a test of the sell entry before a further drop here. Next key level to watch would be at the 109.50 area in line with the 78.6% fibonacci retracement. What are your thoughts on USDJPY? Love to hear them!
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