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MattsActionPlays
Nov 17, 2016 8:27 AM

USDJPY Long

U.S. Dollar/Japanese YenFXCM

Description

Correctional move due to extremely overbought conditions. Retrace into .382 and possible continuation. I'd watch for consolidation move at the horizontal lines included and wait for a strong indication of either an uptrend or drop testing previous support. I don't believe the bull runs over until some strong news against the USD is to be released.
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