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USDJPY On Key Level! What's Next???

Long

U.S. Dollar / Japanese Yen (FX:USDJPY)

FX:USDJPY U.S. Dollar / Japanese Yen

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trendanalysis headandshoulders chartpattern forex dollar yen japaneseyen jpy usd usdollar usd-us-dollar usdjpy

USDJPY has reached a very strong major key level.
the chances that the market will retrace from that level are very high.

to catch a bullish move pay attention to a completed head and shoulders pattern on 1H.
105.15 is its neckline. this level must be broken to the upside first,
only then we can buy the market.

initial target:
106.6

in case of a bearish violation of the head level, setup will be invalid.

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Comments

Do you agree with my plan?

VasilyPonomarev

@VasilyPonomarev, Your ratings are very good and you often make good profits.
I hope this time too.
Thanks

max200368

@max200368, you are welcome!!!

Someone got into the trade?

I follow your technical analysis eveytime you post it. It is very logical and has really deepen and solidify my knowledge to trade price action pattern at the area of value.
It will open up a host of possibilities for me if I am able to master your price action strategies.
Can you share one of your best setup and it will be a great help for struggling traders.
Again.. Your are a great guy.

lvuithau

@lvuithau, thank you my friend!

good one, looks like it's going up so far

dontdaytrade

@dontdaytrade, thank you for comment!

great setups today, thank you for sharing with us!

ProjectSyndicate

@ProjectSyndicate, you are welcome 🙏