On USDJPY, price is sitting around a resistance and trading inside a channel. Three touches has been formed around the lower trendline, the MA60 breaking and a valid divergence in MACD. All this can lead us to a possible Short scenario. Wait like an eagle, the prize in comin'.
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MacroForex
Price was rejected by the down trendline, and the MA60 is breaking now and we had several rejections as a clear inverse Head n Shoulder was formed before. Moreover, we have a divergence on MACD. All in all, we can spot a long position.
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