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U.S. Dollar / Japanese Yen
Short

USDJPY sell trade

By forexorbit
USDJPY
USDJPY is forming a corrective pattern And currently its forming a lower high
We can expect this short term bounce towards 108.360
This is also a major resistance level
From this level we can open short positions at 108.360
Potential take profit will be 106.650
Stop lose may placed above the 109.050 level
USDJPY going to form a Golden cross by crossing 100 EMA and 200 EMA which will signal further selling of this pair
Chart PatternsTrend AnalysisUSDJPYusdjpyanalysisusdjpyforecastusdjpyideausdjpysellusdjpyshort
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