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EFAnalysis
Dec 18, 2018 1:11 AM

Long USDJPY into FED meeting on Wednesday. Long

U.S. Dollar / Japanese YenFOREX.com

Description

- Support level at 112.720

CPI recorded at 2.2% so possible rate hike on the table
Price action on the weekly is still largely bullish into the yearly close/ overall bullish flow.

Trade closed: stop reached

Got crushed on this trade, notice how the level was used for resistance before plunging lower.
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