FX:USDJPY Seem to be quite oversold! *Cypher Pattern has completed on the current daily chart. *Fib Channel shows that UJ price like to reverse around the 0.382 line. *Current TP is set as well to Fib. Ret. 0.382 as well. *Full target is about 250 Pips in an estimated duration of 1 week. **Trade on your own responsibility. Regards,
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Be aware that it essential to wait for a good evidence before going long on this pair. 4H bullish candle would be an ok proof to get in!
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We started with a tight gap. Good indication! Wish you all a nice week!
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Trade active
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Note that target today can be updated to 109.900
Trade closed: target reached
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Descending back to 105? :)
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Today's daily candle might retest the recent highs before descending back. This setup will void if the upper line is penetrated and a daily candle has closed above!