USDJPY NEW DIRECTION POSSIBLE DOWNTREND
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Having broken the higher low on the lower time frame, there is a possibility of price dropping to the 107.30 price area. The potential setup remains valid if price stays below 108.40.
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Disclaimer: Trading foreign currencies (forex) is not appropriate for all investors, and the risks of forex trading can be substantial. You should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources.
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