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U.S. Dollar / Japanese Yen
Short
Updated

USD/JPY

87
Depending on dollar strength I am looking to enter at the current kill-zones of this potential short setup. I do expect however a continuation lower due to such high momentum taking out our previous support levels. But volatility is still in play & I wouldn't be surprised if we retest our zones of resistance before another high momentum move lower.
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snapshot 111.8s look like a good resistance zone to test firstly
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++ Currently holding support & an overbought H4 will give the probability of a pullback to the very minimum
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snapshot a break and close above this trend-line would be an interesting argument to consider a potential bullish run for the upcoming days. I would recommend doing nothing atm until we see some real movement in the near short term
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snapshot hit the retracement momentum might try to make the pair overbought on rsi
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snapshot price entering the killzone
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next points to look at 113.8 important price
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Beyond Technical AnalysisChart PatternsTrend Analysis
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Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.