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VasilyTrader
Sep 19, 2022 9:15 AM

USDJPY: Key Levels to Watch This Week πŸ‡ΊπŸ‡ΈπŸ‡―πŸ‡΅ Β Long

USD/JPYOANDA

Description

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Hey traders,

Here is my latest structure analysis for USDJPY:

Support 1: 141.5 - 142.6 area
Support 2: 138.85 - 139.35 area
Support 3: rising trend line

Resistance 1: 144.55 - 145.0 area
Resistance 2: 146.5 - 147.6 area

The price is currently stuck between Support 1 & Resistance 1 composing a horizontal range.
For now, you can consider range trading, buying support / selling resistance.
To catch the next move, wait for a breakout of one of its boundaries,
it will initiate a move to Support 2 / Resistance 2.

❀️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❀️

Comments
TheSignalyst
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awaiting the low break in my opinion ;)
ProjectSyndicate
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always spot on sharp technicals
SwallowPremium
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It well done! Great work, thanks for sharing!!)
AnabelSignals
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Cheers, mate!
UnitedSignals
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I have the same opinion…
JoeChampion
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Makes sense, thank you!
VasilyTrader
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What are your thoughts?
Hsan_BenAhmed
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@VasilyTrader, please turn it to fxcm chart, you will see a Monthly Resistance Level
FOREXN1
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@VasilyTrader, Thank to share !
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