The USD/JPY had a remarkable run since the second half of 2016. We saw the pair rally by almost 2,000 pips from the lows to hit 118.65. But in the past few months the gains have stalled and recently the trendline underpinning the move higher has been broken, as you can see on the weekly chart below.
We’re already down by almost 700 pips right now but bodies in motion tend to stay in motion. And currencies in a downtrend tend to continue in that direction. I’m targeting more of the same during A…
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