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Posted: 06 Aug 2020 06:06 AM PDT USDJPY prices are falling since the mid-2015 year. In the 2020 year, it has made a low price of $101.180. Are you still expecting up moves for the short-term? Then wait for the breakout of USDJPY-Bull Resistance. According to my Parallel Channel (B), short positions in the range of $106 to $106.5 or below with targets at $105 – $104.5 – $104.260 in extension. Breakdown of Parallel Channel (B) means a big explosion and double confirmation for sellers. Day traders can take benefit easily by examining fake-out… For intraday traders: Don’t mess after an upside breakout of $106 level. Wait, watch, jump, and earn! What will happens after bursting out from USDJPY Hourly Support? I will update it soon. Would you like to get our all forex (fx) updates instantly? We have an option for you. Do you want to get Premium Calls only? If you have any questions or concerns about Forex Market then contact by following ways: Have you any question/feedback about this article? Please leave your queries in the comment box for answers. The post USD/JPY Turning Down appeared first on Moneymunch. |
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