(F) USDJPY Post-Brexit Analysis: Downtrend Over?

USDJPY: Post-Brexit Action Could Indicate End Of Downtrend! USDJPY reacted to the surprise Brexit result by dropping over -700 pips! But what in terms of technical analysis does this mean? Does this indicate new downside momentum? Or is this the last leg down that I said USDJPY needed to see before we see a reversal? Let’s try to answer that…

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