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vaughnj
Nov 4, 2018 3:50 PM

Usd/Jpy Wait for confirmations 

U.S. Dollar/Japanese YenFXCM

Description

Usd/Jpy waiting for market open and confirmations before committing to the market.

1. Market could break previous structure high of 113.40 and look for a test of 114.50
2. Market could not break previous structure high of 113.40 and look for a test of 111.50
3. 10 period RSI signals price is currently overbought
4. Price could make a double top
5. 13 period EMA signals price is trending upward
6. Price is currently in an ascending channel
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