gongambol

USD/JPY Near a pullback?

FX:USDJPY   U.S. Dollar / Japanese Yen
After breaking the bearish trendline, a new impulse has started that we believe could stop in area 115, with a pullback on the formed figure. The medium / long setting remains bullish, though a return of the short channel highlighted in the chart would offer a good sales opportunity. Operating against trend is very risky so it is advisable to reduce size with appropriate stop loss or wait a confirmation pattern

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