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USDJPY Facing Huge Down Pressure | August 7, 2017



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Usdjpy looses its bullish momentum and now it is facing huge bearish pressure. This pair is now falling rapidly. This pair can fall up to 110 today. So sellers can set a target around this zone. There is no buy sign yet on this pair. So buyers should keep away from this pair.

If any strong bullish candle forms on daily, then we can think about buy on this pair. Otherwise, sell is the best option on this pair at this moment. We should respect the market trend, sentiment & momentum and stay in sell mode. Besides, this pair has crossed 200 EMA on h4 on downward direction. Major support lies on 110.70 level



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