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Why I’m trading USDJPY: Lambert
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Clive Lambert, of FutureTechs, is selling USDJPY because he has seen significant weakness in this pair.
Lambert says the large selloff at the end of April gave some resistance between 109.25 and 109.80.
His trade is to sell at 109.15 with a stop above at 108.20, hoping that resistance will protect the stop. His targets are 108.25 and 107.10.