The Japanese Yen (JY) is forming a reversal. This could be an opportunity for a position trade with targets as indicated in the chart. Main obstacles to be cleared 0.8200 and downsloping trendline.
Komen
LEONES
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Japanese Yen approaching 1st target (0.83000)
IvanLabrie
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Agreed on first resistance level.
I want to go long USDJPY, so opposite side, it will move up a bit, but it's ultimately corrective in my opinion.
LEONES
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opposite then. Not sure this is a correction - looks more like a turining point. Nikkei topping on the other hand