USD/JPY Bullish IF.......

FX:USDJPY   U.S. Dollar / Japanese Yen
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Comment: The downtrend is not broken yet.... I would not enter before having a clear blue candle on the daily.
Comment: About to break the downtrend... wait and see until tonight's closing
Trade active: OK guys following what has been discussed previously, I think it can be a good buy setup. Your thoughts ?
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there can be a little pullback since it is now at resistance.. but 4hr chart depicting.. 113.85 and daily closing above 114 will take it straight towards 115.1 and towards 116.5
+1 Reply
SwissPips newbie2016
Thanks for your thoughts, I actually think the same, we should see some nice up action in the days to come
newbie2016 SwissPips
yes.. lets see how deep we get pullback.. usually if uj is really bullish then it will not go below 112.9

check this interesting chart :)

+1 Reply
aswam newbie2016
My take from this weekly chart is that having closed below the thick Kumo cloud PA could find its way downwards if the chikou span can negotiate the flat W-SSB* at 112.4. Otherwise PA could be on sideways between the two flat W-SSB for the rest of the days in March.
uj at trendline resistance and daily resistance.. with close to daily 20 ema.. so big hurdle for uj to crack... break needed 113.85
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