the setup I will be looking for before the GDP next week
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If however we get this setup I will seek for a buying opportunity as the impulse can be particularly big USDJPY can fall particularly hard in this scenario
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probable short-term setup
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If we get that correction, I expect another downmove to exit my trade
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still possible up move : low GER inflation / weaker than expected GDP
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This is one reason why I am bullish on the dollar
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Another corrective? If yes, there will be another up move afterwards