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Hello fellow traders,
Yesterday we talked about USDJPY turning down. The pair is closing the day lower than yesterday. But still not near 111.50. Look for a pullback to 111.50 for entry on the long side. Do not short the pair till there is some fundamentally strong evidence to short the pair. From here the pair may go either side on Monday so be vigilant to locate a decent price action near 113.30 levels and if it breaks then near 111.50 levels. These are the levels where we may witness a nice price action to get long in the pair.
Happy Trading to all.
Yesterday we talked about USDJPY turning down. The pair is closing the day lower than yesterday. But still not near 111.50. Look for a pullback to 111.50 for entry on the long side. Do not short the pair till there is some fundamentally strong evidence to short the pair. From here the pair may go either side on Monday so be vigilant to locate a decent price action near 113.30 levels and if it breaks then near 111.50 levels. These are the levels where we may witness a nice price action to get long in the pair.
Happy Trading to all.
