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Monday, July 17, 2017

USD/JPY: Short Position Opportunity for the Next 6 Hrs

There is Short Position Opportunity for the Next 6 Hours.

As you can see in the following illustration, USD/JPY is going to continue its bearish trend and the pair seems like going to enter the yellow zone.

We are looking forward to exiting the market at around 112.650 and make some profit.

We predicted that this scenario might happen for the next 6 hours ahead. Shall USD/JPY failed to reach our desired exit limit then we might think about exiting the market.

Technically, Market will try to keep the pair to move below 112.866.

However, shall USD/JPY reaches 112.866, then bearish trend scenario might be canceled for today and we will try to exit the market as soon as possible.