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USDJPY Short Setup – Supply Zone Reaction After Structure Break
USDJPY
, 60
Short
USDJPY: USDJPY Short Setup – Supply Zone Reaction After Structure Break

After a clear break of structure (BOS) to the downside around the 145.92 level, USDJPY entered a retracement phase and is now retesting the supply zone created by the last bearish move. This area overlaps with the previous support turned resistance, as well as the dynamic resistance of the moving average, which strengthens the confluence. We also had a Change of...

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