AlkalineFX

USDJPY - Stepping Down

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Price is clearly stepping down, it baffles me that people are still trying to fight the trend with a whopping 71% net buyers on this pair according to the IG client sentiment data. The trend is your friend, bears are in until we see a structure shift occur and we see some of these structure levels marked getting broken and begin acting as support.

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