USD/JPY is currently in a range, and we're eyeing a short sell targeting the 50% Fibonacci retracement level. We're waiting for a bearish breakout from the range to confirm our entry. Once the breakout occurs, we'll enter the short position and aim for the 50% Fib level as our target. Stay vigilant and manage your risk accordingly.
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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.