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USD/JPY heading lower again

Usd/Jpy is currently retracing back towards the daily trendline
After a soft day for the dollar we find Usd/Jpy slightly lower than market open levels
A break below 120 again, should lead us back towards 119
which is the border level of the daily trendline
I expect buyers around 119, and will be joining in
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Heading down after reversal signs loom

I believe Nzd will weaken the coming month due to Usd demand,
Nzd/Jpy is due for a heavy retracement, and Nzd/Usd should follow down
On the daily chart you can just about see the weekly trendline bottom right of the chart,
it coincides with 61.8% Fibonacci retracement of latest move up on daily chart
and in my mind is a logical target for a move down:
Nzd/Usd may not reach this target on May the 1st,
so I have set my price prediction just below the 50% Fibonacci retracement level
Lets take a clo…
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AdamFx42 24 mar

Pair is reversing from highs just now - I have a bearish engulfing candle on the 15min chart

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AdamFx42 17 avr

There seems to be a downward breakout starting now, but target is still a far way

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AdamFx42 10 mai

Strong bearish pattern appearing, like daily bearish engulfing candle pattern and continuation down

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