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Potential double bottom formation on USDJPY

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FX:USDJPY   美元/日元
Price has found itself contained in the ascending triangle with more immediate movement expected to test the 109.021 recent low which is also the 0.382 retracement level for the June 2015 to May 2016 movement. A reversal at this point will see the formation of a double bottom. This level presents a potential bullish entry point with reasonable stop losses.
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