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U.S. Dollar / Japanese Yen
Short

USDJPY - HYBRID - SHORT OPPORTUNITY.

Anticipating overextension on the dollar could imply a nice short for the following reasons:


  • Supply zone which is unmitigated.

  • If we reach the 61% significant fib it means that the 38 and emas are induced -> Trapped retailers

  • Nikkei correlation roughly the same distance away



Yours truly,

ECHO FX
ECHOTRADINGGROUP
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