USDJPY Pullback to 111.350?
USDJPY has slowly recovered from the lows of the flash crash. Price action has pushed up to 112 where we have a daily level of resistance. Some clear signs of exhaustion on this pair are now evident after a long bullish push lastweek. With proper confirmation, i am looking to short USDJPY at 111.950/112. This is a counter-trend trade with a downside target of 111.350-400.
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