TRADESBYZION

USDJPY 200 PIPS OPPORTUNITY ๐Ÿ“‰

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
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So, here's my analysis on a 4h chart

As we can see, there's a strong downtrend line (A).

I've marked the previous support with the blue line (B), and the new low from this trading week with the purple line (C).

We've had a break through on the previous support (D), and then a failled attempt to create new highs (E).

Im pretty confident that the pair will now drop and re-test last month support (F), giving us a good chance of banking an easy 216 PIPS during the next 2 trading weeks.

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Comments

Yes Been In UJ for a while now
Reply
TRADESBYZION Youngmuni
@Youngmuni glad you agree mate ๐Ÿ™๐Ÿพ
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