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Possible Short Scenario at top of channel.

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
FXSurf  
FX:USDJPY   U.S. Dollar / Japanese Yen
16
7
As price is approaching top of channel, two short scenarios could come into play.

A) Break through .5 to .618 previous resistance
B) Break down from .5 level toward bottom of channel
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