USD/JPY slides 50% from the highs

Orlando Gutierrez Learn 2 Trade

The USDJPY rallied last week 1.75% (180 pips) on some USD strength and whilst the DXY is still rallying we could see the next leg up in the UJ.

Technically speaking we have pulled back from the highs 50% and are trading inside of a triangle (continuation pattern) which just retested the immediate bullish structure.

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Author

Orlando Gutierrez

Learn 2 Trade

Orlando has been involved in the financial markets for about 10 years. His focus is Global Macro and he is a strong believer that the best way to trade the currency markets is focusing on the big picture and holding on to big macro trends.

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