U.S. Dollar / Japanese Yen

Short

Updated

Further downfall for USDJPY?

Obvious down trend for traders shorting this pair, along with accurate lining of fibs from the previous lower high and lower low. Target is predicted to make its way down to the previous monthly support.

Note

This trade went exactly where I predicted from last week. I have secured the bag and taken my profits. Now I wait to see if it breaks through the new support.

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