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USD/JPY
Chart H1
The market is testing resistance at 124.12. We are waiting to see reversal signals in order to reinstate SHORT positions, or alternatively the downward break of the 123.50 support level. Next important resistance the 124.48 level. Chart H4A Medium High probability, entry signal to go LONG will be given with the upward break of 124.10 after the market found support at 123.50. Only the downward break of 123.50 would cancel the bullish scenario and take us SHORT.
Chart H1
The market is testing resistance at 124.12. We are waiting to see reversal signals in order to reinstate SHORT positions, or alternatively the downward break of the 123.50 support level. Next important resistance the 124.48 level. Chart H4A Medium High probability, entry signal to go LONG will be given with the upward break of 124.10 after the market found support at 123.50. Only the downward break of 123.50 would cancel the bullish scenario and take us SHORT.
