DanielHarris

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Markets Allocation
100 % forex
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USDJPY 100% | 1
DanielHarris DanielHarris USDJPY, 60, Long , 6 months ago
USDJPY: Short-term Long to Resistance and Back to Major Support
104 1 3
USDJPY, 60 Long
Short-term Long to Resistance and Back to Major Support

USDJPY is channeling upwards towards 104 level, a significant resistance level. Whereupon reaching this point, I am suspecting a downtrend back to the 100 level due to lack of confidence in US interest rate hike expectations. Therefore, this is a short-term long trade I'm in at 102.04 with a TP of ~104. SL is a little below channel.

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