Chart of the Day USDJPY

USDJPY is retesting the broken rectangle

USDJPY is retesting a previously broken rectangle. A rejection here would open downside extension.  Only a daily close above 107.200 level could invalidate a downside extension and that is where the stops for the short trades should be. Small opening downside gap and possible stock market weakness could trigger sell-off ARMAT trading system is pointing to the downside

Note: look for the short trade opportunities with the stop loss above  107.200

 

 

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