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Short

$USDJPY IS TRAPPED

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY             IS TRAPPED IN A REVERSAL STRUCTURE @ 124.46
-Lower timeframes suggests this pair will continue lower as long it remains below 125.00
-The 125.00 was rejected clearly with momentum.
-With this action already in play we will remain short the pair for an initial target of 123.08.
-a successful break of this area should drag the pair towards 122.62 where we expect pause.
STOP IS ABOVE 125.00
GLT             .
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More downside expected in USDJPY in coming days
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