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22.07.2020 10:47 AM
Trading idea for the USD/JPY pair

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Good afternoon traders! Here is a trading idea for the USD/JPY pair.

Yesterday, a very significant short initiative took place, which brought the pair to the weekly level 106.6 for the third time.

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To decrease the quote even more in the chart, trade short positions for a breakout, targeting the level of 106. Such an idea is based on the Price Action and Stop Hunting strategies.

Cancel the plan if the quote moves up to a value of 107.5.

Good luck!

Andrey Shevchenko,
Analytical expert of InstaForex
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