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USDJPY daily chart trading opportunity

Jan.21, 2010 in My Trading Ideas

The following is the daily chart for USDJPY as of Jan. 21st, around 11PM EST. If you observe the chart you can see that there are two resistance lines and the chart has crossed the trend lines with two strong bearish candlesticks. The second one is not completed yet. But if the second one is completed with a strong bearish candlestick I think its a good opportunity for a sell trade. What do you guys say?

USDJPY Daily Chart

USDJPY Daily Chart

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Tags: usdjpy daily chart, usdjpy short trade, usdjpy trading

One Comment on “USDJPY daily chart trading opportunity”

ForexTreeGuy
January 23rd, 2010 at 1:35 am
I have been told that were the jpy/usd got so goes the market so watching this pair closely pays off. Nice work with the charting.

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