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USD/JPY Analysis - page 34

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Diana Jackson
552
Diana Jackson  

For the moment USD/JPY is very range-bound and I think eventually it could fall correctively to the support around 111.55.

Ari Goldman
651
Ari Goldman  

Staying away from this pair for now. Too uncertain.

Diana Jackson
552
Diana Jackson  

As I thought USD/JPY reached 111.55 and even fell a little below that level before rebounding from it and returning to the resistance of the range around 112.50. I think a possible break out above it would mean a rally to 113.00 or even 113.40.

Diana Jackson
552
Diana Jackson  

USD/JPY met resistance at 113.25 after forming a shooting star bar at that level on the M30 time frame. I think it may depreciate back to 112.30 today.

Diana Jackson
552
Diana Jackson  

There is a double top at 113.20 - 113.25. I think that is a signal for a future deeper correction to 112.00 at least, maybe even 111.50.

alio
45
alio  

hi dears in h4 is now sell signal

usdjpy
Ari Goldman
651
Ari Goldman  

Monitoring the pair for potential short positions. Currently, i see nothing, lol.

csc2009
806
csc2009  

The pair remains strong upward momentum, resistance level can be found at 113 handle and follow by 113.25/30 zone.

Diana Jackson
552
Diana Jackson  
csc2009:

The pair remains strong upward momentum, resistance level can be found at 113 handle and follow by 113.25/30 zone.

I agree. Also, I don't think the renewal of the upward trend will be confirmed before a breakout above 113.30.

Andrei Florian Segarceanu
121
Andrei Florian Segarceanu  

USD/JPY preparing for a strong trend long term

Files:
11.png 53 kb
12.png 49 kb
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