New Year JPY Weakness

30 gru 2018

Here we have USDJPY Daily - price breaking below closing below past structure and coming back and retesting this same level finding resistance at 111.500 psychological round number. 4HR- Price found resistance at this level and started to consolidate. 1HR - IF price can break this consolidation in the same direction as the main trend (bearish) THEN I would wait for a pull back continuation before shorting USDJPY.

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