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WrightWayInvestments

USDJPY - Descending Channel

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
WrightWayInvestments Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY Descending Channel bearmarket wavetheory Fibonacci Retracement
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trendanalysis chartpattern indicator usdjpy descendingchannel bearmarket wavetheory fibonacciretracement
Hello fellow traders, as we can see USDJPY is urgently trading in a descending channel and reached a point of resistance. This resistance is also confirmed by a key FIB level @.786. If this holds we can expect to see price move towards the next support around 128.00.

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Comment:
SL on CHART CHANGED TO 132.850
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