USDJPY is reversing lower

USDJPY is rejected from 135

 

USDJPY is turning lower from the resistance. A rejection here can lead to a downside extension and a test of 125 which is a major upside support. A break above 132.30 is required for an upside reversal.

Note: look for the short trades with a stop loss above 132.50

 

USDJPY downside reversal

 

 

 

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