J4XLG

USDJPY IN OBSERVATION FOR NOW

OANDA:USDJPY   U.S. Dollar / Japanese Yen
7
UJ Update from previous. As possibly predicted, we experience a retracement to the 111.300 line before fridays close. Further retracement may lead down to the 110.500 Channel line Zone. If that Zoneis broken, we may experience drops to the 109.000 zones before seeing any solid reversals from UJ. for now i remain Neutral or even Short for the time being.
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