USDJPY 1H-TIMEFRAME ANALYSIS
Hello ladies and gentlemen
This is my new idea for USDJPY
My idea is that the pair will continue to uptrend
I hope my idea is clear
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- Price breaking our resistance zone.
- We are expecting a retest of this same zone.
- Look in the lower timeframe for closures that might indicate a reversal.
- Preço a quebrar a nossa zona de resistência.
- Estamos a esperar um retest desta mesma zona.
- Procurar nos timeframes inferiores por confirmações de reversão.
In 4 hour chart we had half legged doji formation which is a clear signal for further selling of this pair
USDJPY is in downtrend for the past one month. As the JPY is considered as safe heaven asset the number of positions has increased in recent days
108.160 region is a strong resistance zone from this point we can expect further selling of this...
As the risk sentiment arises the safe heaven Yen has gained the major strength and rallied almost 1000 pips and reached 101.300 level and stalled
We can expect further upward rally in comingdays
Buy orders may placed at 104.300 level
And potential take profit will be 106.800
Stop lose may placed below 103.500 level
The pair sure as hell took its sweet time, but here we are.
Continuing from our previous post to take short positions and hold them, mostly based on the US + China trade war, and the less than impressive brexit progress (link below):
Once the pair breaks through the trend...