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Downside breakdown USDJPY H4. 06.09.2024

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Downside breakdown USDJPY

Yen broke a reversal pattern and decided to make a breakout to 140. This is a strong support level from which I expect a local rebound on upward correction. On options, this scenario is also confirmed, considering that today is the expiration of monthly options. The margin is also a bit higher, ideally make a false breakdown down and then look for a culmination on a corrective buyback.

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