nmike

USD JPY update (daily)

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
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12
After the 2 previous successful CLONING predictions, & let's see if this one will work out. The top of CLONE 2 and top of CLONE 3 align almost perfectly with the 2 key resistances, that means it's highly likely that USD JPY will reach those targets.. After a retest to bottom of CLONE 2 USD JPY is close to hitting the next near term target at key resistance1 and or top of CLONE 2. Bottom of CLONE 2 is now key support. I'm using Fisher (300) above / below mid-point as a general trend indicator.

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....... the long term Fisher 300 stayed positive (above mid point) since publishing this chart, weekly candle stick price action is showing bullish upside momentum.
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>>> long term trend is still bullish, but it's always a good idea to take some profit at KEY resistance / support levels and breaches of CLONE boundaries.
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.....CLONE HIT
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