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SELL USDJPY - DOWNSIDE

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Further downside is possible for this pair after resistance was identified. Furthermore, looking at the fibonacci resistance fan, the price has fallen out of it's main upside trend as highlighted in red and is falling through the different fan lines. Support may be found at the 107.00 region, however it will likely be stronger at the 106 / 105 levels.

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