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USD / JPY: lower peak probably fall short

USD / JPY is unable to pass over its previous peak, which changed sentiment in the short term to negative.

 

Crossing price below 118.78 will give a signal to short, then we will wait for slightly better prices and sell

 

Moving averages are arranged in a negative formation, which gives a signal of short positions still in rotation, stop around the tip 119.22…


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