02.01.202011:06 Forex Analysis & Reviews: Trading idea for USDJPY

Long-term review

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Good day, dear traders! I wish you all a Happy New Year! I wish you good, money and peace of mind!

The opening of the market on the first trading day of the new year was relatively quiet compared to last year.

In my opinion, the most interesting of the major currencies is USDJPY due to the presence of quite powerful stop levels for quotes 108.4-108.2

In this regard, I recommend working on a downgrade to update these levels and fix profits on them. This idea will be relevant as long as the price is within the short initiative shown on the chart. If the market is fixed above 50% of this initiative, the short scenario will be canceled.

I remind you that today is the New Year in Japan, and tonight - the protocols of the FOMC.

Success in trading and control risks.

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