Mihai_Iacob

UsdJpy broke down strongly. 145 zone next?

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FX:USDJPY   Dólar Americano/Iene Japonês
As I anticipated and drew attention to two weeks ago, USDJPY peaked above 150 and, after several days of distribution, experienced a significant breakdown yesterday below the 149 support level.

At the time of writing, the pair is trading at 148, and I anticipate further downside movement. The target zone is around 145, and the recommended strategy is to sell rallies.

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