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New Forex Trading Signal: Sell USDJPY @ 112.60

Sell USDJPY @ 112.60. Take profit targets @ 112.10 and 111.80

Stop loss @ a close above 113.10

Conviction:

On the daily CHART chart, the moving average of USDJPY pair is diverging from the CCI and the MACD signal line is crossing the Histogram showing weakness in the pain. Moreover, on the 4 Hours chart, the pair formed a bearish engulfing patter confirming on the pair weakness.

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