TheCryptagon

USDJPY The 4hour MA50 is the sell signal you want

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FX_IDC:USDJPY   Dólar Americano/Iene Japonês
USDJPY is trading inside a Falling Megaphone pattern.

Every 4hour MA50 test since Nov 16th has been a sell signal, with the price action producing 5 so far.

Sell on the next near test. Target the dashed line at 140.000, which is also near the 1 year Rising Support.


Previous chart:


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