USDJPY

USDJPY

In 4 hour chart we had half legged doji formation which is a clear signal for further selling of this pair

*USDJPY is in downtrend for the past one month. As the JPY is considered as safe heaven asset the number of positions has increased in recent days
108.160 region is a strong resistance zone from this point we can expect further selling of this pair

*And the potential take profit will be 103.840

*Stop lose may placed above the 108.450 level

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