The weekly has resist coming around 50 area. You need to connect on the 15minute chart to be accurate. We should see strong resist from the 4hr td line retest before we ever touch the weekly line. This should be a great area to hold short until an ABC move down forms; then cover.
Prognosis is sell on first touch until an ABC forms on the 5minute chart with a definable “A” wave down “B” chop wave sideways and a little bit up then “C” down equal to “A”.
Forex trade calls USDJPY trendline bounce
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