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USDJPY: Ranging Market & Bearish Move

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
VasilyTrader Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis Forex forextrading forexanalysis fx trader USDJPY learntotrade
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trendanalysis chartpattern waveanalysis forex forextrading forexanalysis fx trader usdjpy learntotrade
snapshot

USDJPY is trading within a local horizontal consolidation range on 1H.

The price is stuck between 104.1 resistance and 103.5-103.65 support.
This morning the resistance of the range was reached and on that, the price started to reverse.

With the last strong bearish hourly candle, chances are high that the price will drop.

Goal - 103.65

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Trade closed: target reached:
50% profit taken
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