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For the past two days, we have been seeing the US dollar strengthen against almost most related currencies. Many currency pairs with the dollar have hit strategic levels or possible reversal points, which could prove disastrous if the US dollar continues to gain.

At the moment, on the USDJPY pair, we are waiting for the signal for possible short positions, as I wrote yesterday, not earlier than around the level we currently have. The signal will be the first reaction to the level indicated in the image below from the time interval M1. We do not catch the top itself, we wait for the market to behave in order to enter a position in line with the ongoing trend.


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