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Thomas Long, Course Instructor

Add that to the series of lower highs and lower lows on the daily chart and you get a downtrend. This pair is about 100 pips from a printing new 15-year low so this current move down is not new but rather a long-term bearish bias that has been hanging over this market for years. I would continue to look for sells as long as the market remains below the 88.107 high as noted on the chart.

USDJPY_body_63786d1281438921-trend-day-usdjpy-810.png, USD/JPY

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