Short

USDJPY got rejected on a 5 year Resistance.

The pair hit on October 20 the 114.710 level, which is a Resistance holding since March 2017. The Channel Up pattern that led to that Resistance level is similar to that of 2018. Technically a break of the 1D MA50 (blue trend-line) should initiate a reversal process with a first stop the 105.000 Symmetrical Support.

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