USDJPY: See where the intraday players went long ? by Reece Marini

USDJPY M15

UJ15

After breaking back through the support level at 118.100 outlined in yellow, intraday players were selling into rallies before the 1:1 (Purple) and 61.8 fib that coincided at 117.800 saw these traders cover current shorts and switch long. These traders will now be looking to regain the 118.100 level.

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