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On morning's Live Stream we discussed USDJPY.
Last week the price reached a key weekly resistance cluster.
Bears started to push and today they managed to violate a rising parallel channel to the downside.

I believe that such a breakout may trigger a strong bearish continuation.
The price may drop to 112.1 structure soon.

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Check my new idea on GBPCAD:
GBPCAD: Bearish Continuation After Breakout ๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ‡จ๐Ÿ‡ฆ
dollarForexParallel ChannelSupply and DemandSupport and ResistancetradingUSDUSDJPYDJ FXCM Indexyen

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