USDJPY reversed off its resistance at 105.587 where it could potentially drop further to 104.274.
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- Price reaching our lower low and showing some bullish strength, we would like to see a break of our resistance trendline followed by a retest in order to enter long.
- Shorts only if the price breaks our lower low.
- Preço a atingir o nosso lower low e a demonstrar alguma força bullish, gostaríamos de ver uma quebra seguida de um retest da...
This analysis for USDJPY
This pair already 1 month downtrend. But still show us still have room for downtrend.
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USDJPY is currently consolidating at the crucial 105 level. The downtrend appears to have come to a halt as of now.
Note that 104.60 level is very strong support on the weekly chart from where USDJPY has reversed to the upside multiple times in the last few years.
If the buyers can keep the price above this level then there's good chance that USDJPY will go to...
As we can easily stated, we are upon the VWAP and we have a very high green volume that confirm the power of the current bullish trend,
So there is a vey high probability that the market will go up to touch the first red line at least,
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USD/JPY has finally found support on daily chart and now will continue to grow upwards.
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FX:USDJPY On the 45M chart I noticed a solid sell to buy candle. No wicks. Seems like an institutional candle that needs to be mitigated. Plenty of imbalances in the bullish candles following that need to be filled. IF ( BIG IF) we see USDJPY have a large pull back, I think we could see a buy at the 104.765 area. SL is less than 20 pips with a great return,...