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FXMONA

Will price respect channel resistance?

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
FXMONA  
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY
3
0
usdjpy
#USDJPY Daily Chart

Keep a close eye on channel resistance. Wait for a PA signal in 112.60 zone.

A daily close above the channel resistance will make this setup invalid.

Happy Trading...!
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