Hi everyone,

earlier this week, I made a post about the USDJPY and how that the radar of traders will be on this pair.

Yesterday, it pierced through the 111.06 support and dipped over one hundred pips.

This pair has now formed a new support at 110.23 and should head (in my opinion) for 111.55 around where it broke daily support some weeks ago.

If it breaches 110.90 it will be fine to exit the long trade and wait for the market to show its intent again.

Again, I ask the market to be the final arbiter.

Happy trading everyone.
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