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USD/JPY sees bearish setup

Thursday, April 2, 2015 7:13 AM UTC

Failure to hold above kijun line suggests bearish bias
possibility for a test of the March 30 119.11 low
Tenkan & kijun lines are becoming increasingly downticking
Traders stay short at 120.20 for 119.20, with trailing stop lowered to 119.80

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USD/JPY sees bearish setup

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