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JoshFX1
May 8, 2017 7:32 PM

USDJPY 4 hour still BUY Long

U.S. DOLLAR / JAPANESE YENICE

Description

UsdJpy on the 4 hour time frame shows that a buy on this pair is still prefered above selling.
ADX Shows a strong bullish trend and Stoch Rsi shows high buying pressure.

The price has also broken the previous high. Next resistance level is around 113.700. Below I have
linked this idea to my previous one on usdjpy 4 hour time frame which shows all support and resistance levels.

Trade active

Trade active

2nd position added. 4 hour about to break the upper range

Trade closed: target reached

100 pips is nice
Comments
NannyOK
what next for UJ ?
JoshFX1
@NannyOK, right now it might show a small correction wave before further going up. I wouldnt start selling yet
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