EuroMotif

USDJPY at a support but will break. UJ nearby Support zones

EuroMotif Mod Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
UJ has been hit with a double hammer for a while now.
Risk Sentiment is Fearful, so Gold up, Yen pairs down.
US Fed's hint of rate cuts has made the Dollar weak.

As a result this pair has been falling forever it seems.
Now it is approaching the endpoints of multiple waves.
Each zone should at least react, possibly reverse trend.

106.984-107.057 is current support already weakened.
106.772-105.767 is a test, reaction there will be telling.
106.213-106.333 has multiple supports for safe longs.

I will post updates as price action progresses.

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See some of my other Forex calls below.
I also plot Crypto and some Stocks, check my Profile Page.

EUR.USD long call (scalp that ran hard)
XAU.USD bounce call (perfect entry, huge profits)
USD.CAD top Call (warning just in time)
EUR.USD top Call (perfect top, still in play)
GBP.USD dip Call (just in time, quick 70 pips)
XAU.USD to $1367? (caught most of the spike)
Silver Bounce scalp (Perfect entry, still in play)
DXY toping call (Upthrust warning just in time)
SPX recent top (Fib extensions at work)
XAU.USD long to short (recent perfect entries)
USD.JPY short to long (recent perfect entries)
EUR.USD long term Short (the very tippy-top a year ago)
AUD.USD long term Short (almost at a long term target now)

Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

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Comment:
Got a bounce EXACTLY where one was expectable But I am NOT thinking that is the bottom, although it could be. I am thinking that is a sign of downward momentum decreasing, and it just may come in for a landing at the strong support zones below

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the Trading View is my Nation
the Moderator Tag is my Flag

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