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CAUTION ON USD/JPY LONG...AFTER CHINA IS IT JAPAN ?????


AFTER CHINA IS IT JAPAN  ?????


On Long term weekly chart USD/JPY has formed a huge Head and Shoulder pattern with neckline area near 118 levels. From the past few weeks Index is giving continues negative close with lower top & lower bottom formation from the recent top of 123.69.
 
The weekly chart structure suggests sharp down fall in Index is due up to 112/110, & more. Team NTD advises caution on USD/JPY long with sell on rise strategy for coming period.


(January  06,2016)


USD/JPY(WEEKLY CHART)



























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