USD/JPY Technical Analysis.Hello traders, USD/JPY is trading at 108.85. The Pair just broke the support level at 108.62 to start a new up trend. The price was moving in a down ward resistance and support wedges and after breaking support level started a new up trend. Its target price will be the strong resistance level at 109.23.
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Rishikesh Lilawat
Usdjpylongsetup
UsdJpy. LongUSDJPY expecting more upside towards 109.000…
We have been looking for USDJPY longs in the past few weeks since it’s one of the US exceptionalism trade where high yielders outperform low yielders thanks to global growth and reflation, we are still expecting more upside towards 109.000 in the coming weeks and we will position accordingly
USDJPY buy from current levelUSDJPY buy from current level
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UsdJpy near strong supportAfter breaking the falling trend line resistance at the end of January, UsdJpy also broke above horizontal 104.30 resistance and accelerated up and reached shy under 106 resistance.
Now the pair is in a normal correction and very close to this new support.
In my opinion, the trend for this pair has changed and we can expect a new leg up once this correction is finished.
I'm looking to buy UsdJpy and only a daily close under 104 would change my bullish outlook
USDJPY, Pull Back for Proper Bull Run....!As salam alaikum
T.A Review:
Dollar has made recovery. A strong Symmetric
Channel can be seen on Monthly, Weekly TF.
103 zone is respected.
Bullish Channel formation at W,D TF.
There's a rejection zone at 105 and We can
see weekly candle closed below that so I am
expecting a retracement till 104-104.5 for
proper LONG.
USDJPY - Pullback and ContinueAny oversold move like this is going to attract a huge amount of sellers into the market.
I would like to see a significant pullback into the optimal buying point marked so we can lure some more sellers into the market before shooting to the upside to target some sellers stops.
USDJPY ANALYSISusdjpy Possible bullish price movement The currency pair is trading above the 9 periods EMA and 20 periods EMA. if its range under 105.000 i thing it will go up. in the meantime the ongoing recovery of the American economy giving a bullish movement so i believe the possible channel to the top. also the relative strength index period 14 is at 60 levels bending up to indicate a buy signal.