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USDJPY: Rejection from Down trend line | March 4, 2017
Usdjpy has rejected from the downward trend line. Now, this pair is facing bearish power after rejection. A big bearish candle has been formed from the down trendline. It can be a good sign for bearish momentum. So if this pair stays below the resistance level, then it can fall more.
Now we need to look this pair to enter sell enter after getting sell candle confirmation on the h1 time frame. On the downside, we can support at 113.50-70 zone. So we need to be careful about this support zone. If break this support, more fall can be expected.
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