Buy above 112.44. Stop loss at 111.56. Take profit at 113.53. Reason for the trading strategy (technically): Price is seeing major support at 112.44 (Multiple Fibonacci retracements, horizontal overlap support) and we expect to see a strong bounce above this level to push price up to at least 113.53 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (21,3,1) is seeing strong support above 1.8% where we expect a corresponding bounce from.
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so what is next guys? on weekend there will be election and 99 percent Abe will win. So can we expect "buy the rumor sell the fact" effect on USDJPY?
MEX_Exchange
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@AlTan.cankaya.9, from a technical perspective, i am starting to see some resistance on USDJPY. Will need to do a proper analysis to figure out what to do next :)