Hi Traders, here we are on another market breakdown on USDJPY. In the previous few UJ analysis, I've been talking about the potential fakeout on UJ as the bullish momentum is getting slightly unsustainable on the technical side. Price broke above the high, but just found failures again and again. Which led me to generate some short-term Mean Reversion setup (short position).
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All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Trade safe and take care.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
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Previous analysis
