USD/JPY: Short-term trader view- 118.50 is crucial s/t pivot

USD/JPY: I think 118.50 is the magic number now on the downside. I’ve been trading from the short side and the opportunities to buy near 118.50 have been short-lived (apart from 1st silly s/l spike lower). I’m square at current levels around 119 and won’t sell again until 121ish or until 118.50 is categorically broken

Courtesy of the FXWW chatroom.

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