U.S. Dollar / Japanese Yen

Short

USDJPY possible breakout or short rebound coming

By SeanHutcheson

Updated

Analysis shown, potential moves.

Note

Possible breakout and retest - the downtrend may be beginning.

Note

Downtrend has begun

Note

End of week summary:
152 pips profit
If you entered when I posted this analysis as a short as suggested this is the profit you took - entrance could have waited until price reached closer to weekly resistance but the predicted fall and trend breakout happened perfectly. Close trade and start next week afresh!

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