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FOREXN1
Sep 28, 2022 8:49 AM

USD/JPY:BUY From Consolidation Rectangle For A New LONG Setup Long

U.S. Dollar/Japanese YenFXCM

Description

USD/JPY Doesn't seem to lose power in your strong rally. The Consolidation Area. It frequently occurs after downtrends or uptrends and can be seen as a stretch of indecision. This Indecision follow usually with a continuation of the primary trend with the same impulse from where the consolidation comes from. In the last period, this approach for these pairs worked as manual trading teach. The RSI after a Fake Breakout in the Bullish side is definitely turned in the Long approach. The price is also supported by a Dynamic Support line that comes from the trendline and all the moving averages are following the price. All the clues are for a new Bullish impulse by USD/JPY.

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✅ PREVIOUS WINNING IDEA ON USD/JPY ✅

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✅ TODAY ✅

Comments
Mihai_Iacob
I think that bulls should be careful... BoJ really likes a max. of 145, so...
Thanks for sharing your thoughts on USDJPY
FOREXN1
@Mihai_Iacob, Welcome mate !
DeGRAM
Great chart analysis. Thank you!
FOREXN1
@DeGRAM, Nice analysis here !
DAY_PROFITS
Usd can Grow here, agree
FOREXN1
FOREXN1
What do you Think About it ? :)
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