As mentioned last week for USDJPY and GBPJPY the key levels we were paying attention to have been broken and we're ready to get in on some of the action.
For those that are not already short on USDJPY look for a 15 minute close below the supporting bullish strength from Monday's trading. The 116 level was important enough for us to see 106 potentially in the coming days/weeks.
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bulent_akgul
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I am waiting for same structure to sell. My targets are 113 - 110 - 105 - 101
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Hi bulent_akgul! Those sound like great targets! Thanks for sharing