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Gol-DTrader
Oct 27, 2022 3:58 AM

usdjpy analysis (short view) Short

U.S. Dollar/Japanese YenFXCM

Description

usd is looking really soft against the yen , the trend is obviously bearish and the price have been printing lower lows since a while now without any fundamental to back any farther push up , so I'm expecting it to continue it's fall down to try to touch 144.83.
there is a high chance for the price to fill the candle and by that I mean for the price to fall down and cover that wick , if the price breaks under the wick at 154.42 I'll be expecting it to run down until the final target 144.83.

so basically trend down , soft usd , some strength in the yen which means I'm only looking for sells opportunities unless we see a break up above 174.33.
Comments
JoeChampion
i like this!
Gol-DTrader
@JoeChampion, thank you
vincentvogttv
on 4 hours you can see a hammer candle a sign for long
Gol-DTrader
@vincentvogttv, that hammer candle is formed after the price almost touched the support level
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