Highcrunch

USDJPY pullback in the works

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
1
After months of solid bullish movement, USDJPY has reached a possible zone with previous cluster of support. This also confluence with the AB=CD at 1.618 level. This could be an area traders looking to take some profit off to beef up their annual account before year en closing. I am inclined to look for short trades on lower time frames.
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