The recent corrective rally ended on the February 4th reversal date, but fell shy of reaching the 60% sell window. After the reversal date, the yen resumed the downward trend and has closed below the 20- day SMA. After testing the upper parallel line on February 16th, yen closed sharply lower, leaving good seperation, suggesting the downward trend is still intact. Any rebound to the SMA should be considered a selling opportunity. I will have updated information in the TMV Swing Trade report.

March Japanese yen

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