Testing the 50% and potential short USDJPY
The 50% have been acting as support for some time now, and we’ve been underneath the 50% for 13 days trying to break out. As long as we stay below 108.71 we may see the next fib level - 106.25. Also, we see a bear flag on the hourly. Cautious of the Fed news tomorrow however this seems like a good swing trade.
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