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U.S. Dollar / Japanese Yen
Short
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USDJPY: Overbought Market & Pullback 🇺🇸🇯🇵

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Hey traders,

After a sharp bullish rally, USDJPY reached a major rising trend line on 3 days time frame.
I will expect a bearish move from that.

The first goal will be a rising trend line that serves as a local support on 4H,
in case of its bearish breakout the second goal will be 115.0 level.


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Note
Check my new analysis on SILVER:
SILVER (XAGUSD): Breakout & Bearish Continuation 🪙
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dollarElliott WaveForexjapaneseyenMultiple Time Frame AnalysisTrend LinesUSDUSDJPYDJ FXCM Indexyen
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❗️YouTube Channel youtube.com/c/VasilyTrader

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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.