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Leonid graduated from Donetsk National Technical University, specialization "Automation and process control". He came to the market five years ago. As a basis of trade he uses indicator «Murray levels» , also prefers the classical technical analysis.

USD/JPY will test mark at 104.69

The pair failed to consolidate above the level of 4/8 (106.25). In addition, there was price fixing below STH4, that indicates a possible decline to the level of 3/8 (104.69). STD1 changed color, which also contributes to the bearish scenario. The fall can be held with the current position, so in the near future we should testing of mark at the level 3/8 (104.69). Slight breakdown upward STH4 is unlikely to change the plans of the bears.

Trade recommendation:

Sell – 106.30; sl – 107.20; tp 104.60.

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