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U.S. Dollar / Japanese Yen
Short

USDJPY Short. Double Bottom but still favours downside

By EmilYusifov
Updated
USDJPY 60m. There is a Double Bottom now but the bearish move has already went much below 50%. Several bear spikes and failed bull attempts to go up on 60m. My target for a short here is the beginning of the prior bull channel and then a test of the longer-term trend line.
60m chart:
snapshot
Comment
USDJPY Short. 50% pullback
breakoutChart PatternsDouble Bottom

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