Trade Ideas/USD/JPY

USD/JPY: Should be toppy now near 80.00

I’m looking to increase my short position on rallies and I think the market will struggle to get back above 80.00. The low after the initial election result was near 79.85 and it rallied 50 pips from there on the back of retail market buying out of Japan. I think that level, 79.85/80.00, now becomes psychologically important I will look to sell there initially.

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