USD/JPY drops to trend line support

Daily chart – A big move lower confirms following a spinning top candle signals short-term trend reversal. 23.6% Fib supp has been breached… and now the spot is chipping away the trend line support. A day end close back inside the symmetrical triangle pattern would open downside towards 50% Fib.

Daily chart

USDJPY D1 (07-12-2017 1826).png

 

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