USDJPY is retesting the broken downside resistanceÂ
USDJPY is testing the broken downside resistance 105.800-106 zone. A rejection from here will lead to a downside extension into 104 level. Only a daily close above 106.800 could invalidate a downside extension and that is where the stops for the short trades should be. ARMAT trading system is pointing to shortÂ
Note: look for the short trade opportunities with the stop loss above 106.600.
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