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USDJPY Daily Outlook 7 June, 2016 | August 31, 2016



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After big fall at 3 june, usdjpy is trying to recover. Now this pair is forming bearish flag pattern. According to this pattern, we need to wait for breakout of the lower band of the flag to resume bearish rally again. So we can wait for breakout of the flag.

As this pair is now on retrace, we can look for sell. If we find any bearish sign on this pair, then we need to go for sell.

108.50 level can be good sell zone for this pair. We can look for that level for selling on usdjpy.



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