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USDJPY getting overloaded


USDJPY is moving in a nice upward trend but it seems to be getting overloaded in daily charts and also has reached an important level at 93.50 in weekly charts. We might see USDJPY taking a dip from here towards 92.50 for a short retracement and aggressive traders might think of selling USDJPY around that level for small targets.


Trade:

Sell USDJPY 93.50 with Stop @ 94.10 and Profit Limit @ 92.50





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