USDJPY has finished retracing and will continue its downtrend
USDJPY broke out of its consolidation causing in downward momentum, retraced up to the 0.382 fib level, and is going to continue the downtrend to the lower, very strong support. In the retracement we can see a major loss of momentum shows by the long wicks and short bodies signaling a reversal is soon to come.Entry @ 106.850
SL @ 107.021
TP @ 106.591
Trade closed: stop reached
SL hit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.