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4H Chart

There could be a potential for USD/JPY to hit the orange resistance at a price of 151.969 JPY. Price is following a long term trend within the channel. Watch price bounce around inside channel. Once price hits the strong orange resistance (if it does) then it will most likely fall, so look to short.

Price is most likely going to bounce off the resistance trend line (very soon) and hit the green demand zone. After this look for price to rise again to form a new high within the channel.

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