Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
USDJPY has not yet been able to break the support line, but this is a matter of time.
Possible growth to a strong resistance level of 109.25 after which the price will drop to the level of 108.7
The Breakout Opportunities system has just sold AUDJPY at 74.582. The system recommends entering this trade at any price between 74.431 and 74.666. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.894, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high...
USDJPY reversed off its resistance at 109.355 where it could potentially drop further to 107.698.
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A month ago, I was waiting for the completion of the ending diagonal (look update from October, 13 in my telegram channel) and now it is completed or almost completed. The critical and confirming levels are indicated on the chart, I think you can take a short from the current values.
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UJ had a good bull run, most of which we caught.
It looks to have topped for now, and pulling back.
Mapped are some zones to watch for further clues.
108.90/92 is immediate support, would be surprised if it holds again.
108.78/80 is very likely to be hit and would be strong bull if bounces.
108.67/69 is my Best Guess for the pullback target and maybe...
I would like this structure to make a higher high and then reverse. Making it a large three-wave pullback against the prior impulse (diagonal).
Fundamental analysis of several IBs assumes USDJPY hitting 100, will see. At this point the structure is quite promising.
Market Commentary:
If the trend is upside or in downside i will inform in the chart and there will be a PB can occur and some correction may start so MIND that DONT TRADE THE CORRECTION and what i am expecting the CORRECTION....Wait for the PB ends...and give entry in the trend side...If u r doing the PB and correction u will took loss ....trade only in trend...
See my chart for levels.
But i would sell this pair when price reaches resistance level. Maybe little bit before it.
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Welcome. Let's go down the rabbit hole for a minute.
What if..
We could predict the future?..
Never hurts to try..
Please start at Pt 1. the 1 Day model of USD.JPY
Technical:
Use your eyes.
Your human eyes.
Cajun Cup #1 is repeated from 1995 to...
Also known as trading the “gopher” the USDJPY pair is one of the most traded pairs in the world. The value of these currencies when compared to each other is affected by the interest rate differential between the Federal Reserve and the Bank of Japan.
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