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USDJPY Shorts Activated After Rejecting 114.200 + BTCUSD Sets New High
Forex Trading Analysis, Live Trading Room, Technical AnalysisTraders are shorting USDJPY after the price rejects key resistance at 114.200. On the contrary, Bitcoin bulls are marching on as price creates a new all-time high.
Bears have taken control of USDJPY as price rejects a key monthly resistance…
+150 Pips from GBPUSD + USDJPY Shorts
Forex Trading Analysis, Live Trading Room, Technical AnalysisOver the weekend, the US Dollar Index (DXY) was able to close bearish below 91.400. With this move, we should expect further Dollar weakness and for USDJPY to push lower.
As a result of the weaker Dollar, GBPUSD buys from last week have extended…