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USDJPY – False Break

USDJPY – Dollar/Yen UsdJpy made a false break this morning above the Descending channel since January 2016.  Also note the horizontal Resistance at 106.80 See below the 4 hourly graph, UsdJpy broke the short term trend line.  We will short UsdJpy @ 105.80, stop loss 106.80 and take profit 104.00

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