Weekly Price Action Setups & Key Levels | Mar 26-31

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​My Current Active Open Trades: USDJPY, EURUSD, AUDUSD, AUDNZD, GBPNZD, USDRUB, XAUTHB

USDJPY – Bearish While Below Key Structure (daily chart)
After bouncing around in a large corrective structure (between 111.50-115.20), the USDJPY has now broken below this key structure which creates a ST & MT bearish bias IMO.

For now traders should look to stay short while the price action is below this structure/112 on a daily closing basis IMO.

If this structure holds, 110 is on deck next. However if this structure folds and we get a daily close above 112, then there could be a false break setup so watch for both options.

USDRUB – False Break Setup Continues to Profit (4hr charts)
As I talked about …

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