nmike
Long

USDJPY- DUAL CLONING ANALYSIS

FX:USDJPY   U.S. Dollar/Japanese Yen
3340 29 35
Significant L-H- L pivots were used to draw a triangle, clones were placed at right bottom corners in effect creating an up channel . A horizontal reference range was also added and cloned. R clone 2 boundary targets were achieved, price found support at bottom of R clone 2 and rose back inside triangle(channel).The week finished with a test of bottom of triangle and a bullish candle,quite likely that price hits top of R clone 2 near term.
>>>>UJ near Key long term support
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FXKOPPA nmike
@nmike, could you please update with play option?
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Hello! reference channel & Clone boundaries still valid, just extend channels to the right
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.....3 upside key pivots to watch for....also a 50% mark between pivots that are enough far apart
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.....that should read 2 Key pivots
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FXKOPPA nmike
I think that , it will stop now at 135, thats my hunch though I m not following jpy nowdays , but it seems that , if it breaks 125 and retest surely i will buy it til 135
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FXKOPPA FXKOPPA
Can you post latest chart ?
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At this point it's become a bit more complex to continue with original Clones set up, There comes a point where it's best to draw new Clones.I'm making this update more simple...
...UJ trend is still up, price has broken above reference range & short term stoch momentum moving up,likely to retest trend line near term
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FXKOPPA nmike
thanks for posting
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no problem....25% Clone already ....
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