The dollar pairs with the Japanese currency yesterday rebounded as expected from the bottom of the falling wedge. However, the peculiarity of the pair is that it is trending, similar to the Canadian dollar currency except that the Canadian is more corrective at a lower time frame. In this case, we can expect a low test after USDJPY, which will be used to break defensive orders, but we are waiting for the upper level appropriate to conclude short positions in line with the trend.
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2021-01-07