Do We Have A “Sell The Rally” Trade For USD/JPY And EUR/JPY?

We have both fundamental and technical factors underpinning a potential sell opportunity for both EUR/JPY and USD/JPY.

Not only is the Japanese yen seasonally bullish at this time of year (August – October), but a retracement on the daily chart on both EUR/JPY and USD/JPY with Friday closing as a seller’s “bearish pin bar” could give us a decent entry point to sell a continuation for both pairs.

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