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ExDee
Aug 8, 2020 9:30 PM

USDJPY to drop further, technical + indicators. Short

U.S. Dollar/Japanese YenFXCM

Description

Both indicators and technical analysis are telling me that UJ will continue to fall. The economy of United States is also not doing so great in current times and the corona virus is taking a toll.

As you can see, very nice rejection in the parallel channel along with a strong downtrend.
My personally coded indicator is also showing me a possible sell as it bounces off my level A.
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