USDJPY slides 50% from the highs

USDJPY slides 50% from the highs

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

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