I posted this trade idea on 27 May and the pair broke the 82.60 level bearish for a sell. This pair as with a other JPY pairs are looking somewhat “messy” lately, but I will continue selling this pair at resistance levels. The weekly stoch is pointing down and the Daily chart ended Friday with a shooting star near 82.60 resistance and the Monthly chart is also showing bearishness, although the month has just started. I will be looking for pull-backs to resistance levels to continue selling using strength/weakness analysis as well.


Source: MARYNA

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