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ndjf310

USDJPY SHORT Opportunity

Short
U.S. Dollar / Japanese Yen (FOREXCOM:USDJPY)  
ndjf310  
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Fibonacci Fibonacci Retracement confluences
5
0
trendanalysis chartpattern fibonacci fibonacciretracement confluences
I see USDJPY melting due to several reasons

It has been creating LH and LL

It has broken the counter trendline (blue)

I see it retesting the trendline (red) before going back down

The retest of the trendline is not only a support area but also a 61.8% on the fibonacci tool

Many confluences for it to keep going down
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