draked11

Bearish Retrace Approaching?

FX:USDJPY   U.S. Dollar / Japanese Yen
UJ has been a ranging pair the past couple weeks but all playing in with the bigger Time Frames. When bigger TF's are dojis, you will more than likely see big moves up and down in the same range of pips, However with UJ pushing down previously we are looking at the continuation of this downtrend on higher TF or we will see the break of structure and trend change. Watch pair closely and don't reach for big pips until for sure confirmations.

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