Usdjpylongsetup
USDJPY approaching support, potential for a bounce!
USDJPY is expected to drop to 1st support at 107.614 where it could potentially react off and up to 1st resistance at 108.475..
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FREE ANALYSIS ON USDJPY - UPDATEDFREE ANALYSIS ON USDJPY
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15 Min
Price testing the 150 EMA line which is also by the black trend line
1 HOUR
Price just hit the 200 MA and was rejected. Also hidden divergence on MACD found. Expecting some down
2 HOUR
Price broke out of all 3 MA's, retraced to test MA 200
OVERALL
I can see 2 options. One is that we see a small reversal down then price will bounce up to make a new high. Secondly, price could break further down to TP1 and TP2
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USDJPY approaching support, potential for a bounce!
USDJPY is expected to drop to 1st support at 107.595 where it could potentially react off and up to 1st resistance at 108.296.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDJPY approaching resistance, look out for potential reversal!
USDJPY is approaching its resistance at 108.740 where it is could reverse down to its support at 107.901.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDJPY approaching resistance, look out for potential reversal!
USDJPY is approaching its resistance at 108.665 where it is could reverse down to its support at 107.531.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDJPY approaching support, potential for a bounce!
USDJPY is expected to drop to 1st support at 108.123 where it could potentially react off and up to 1st resistance at 107.573.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDJPY approaching resistance, look out for potential reversal!
USDJPY is approaching its downside confirmation at 107.573 where it is could reverse down to its support at 106.793.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDJPY: H4 - BEARISH TP: 105.73 - 250+ Pips #Forex @TradingView USDJPY: H4 - BEARISH TP: 105.73 - 250+ Pips #Forex @TradingView
Point A: 110.67
Point B: 106.8
Point C: Entry - 108.47
Point D: TP - 105.73
SL - 109.1
I would not be surprised if price continues to the upside for more of a retracement BUT doesnt matter I would still look for price head to the downside for the actual main move.