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IkanBilisCapital

Choppy USDJPY to test the top of the channel.

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
IkanBilisCapital  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY usdjpyshort usdjpylong usdjpyanalysis usdjpydaily usdjpysell usdjpybuy usdjpyforecast
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trendanalysis chartpattern indicator usdjpy usdjpyshort usdjpylong usdjpyanalysis usdjpydaily usdjpysell usdjpybuy usdjpyforecast
The price for USDJPY is consolidating at the bottom of the channel looking for another run to break the top of the channel. The bottom may be in but do not be surprised to see another fake out to the bottom. If you are already in the long, and in profit, you can take some profits off the table once price tests 116.5. Otherwise, I think we can wait for a better buy entry when price hits the oversold region of the 4hr RSI.
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