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USDJPY Trend Lines

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Here is a very good buying opportunity for the USDJPY pair. See attachments.

Weekly chart: There was a nice downwards trend line that was breached and then re-tested. USDJPY is sitting down near the trend line which has now become support.

Daily chart: Similar to the weekly chart mentioned above, there is a downwards trend line that has been breached and re-tested. USDJPY is sitting down near the trend line, which has now become support.

USDJPY at the time of this post is 110.90. My first target for TP is 112.25, but I am expecting it to get up to 113 and then 114. I would not be surprised if this went the whole way up to 118 in the long term.

Just a note, but absolutely no indicators were used. Watch and see the power of trend lines!

Linkback: https://www.forex.zone/technical/11/usdjpy-trend-lines/180/
#1 - August 17, 2018, 12:21:45 AM
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USDJPY Trend Lines in Technical_FEN-Indicator-728x90

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USDJPY has bounced off the trend line as I had forecast in my previous post. Price has come a long way up from 110.90 and has hit 114.00. That is 300 pips profit from the time of my last post. See attachment.

For anyone who missed this trade, it still isn't too late to profit from it. This is a good chance to wait for a pull back in price and buy at lower prices. USDJPY has a good chance of going up to 118.00 still, which is another 400 pips from where price currently is now.
#2 - October 02, 2018, 12:22:15 PM
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Edith Muthoni

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Oops! I missed that opportunity.... what is your view about USDJPY in the next few week, with the fundamentals put in place
#3 - October 11, 2018, 04:24:38 AM

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Quote from: Edith Muthoni on October 11, 2018, 04:24:38 AM
Oops! I missed that opportunity.... what is your view about USDJPY in the next few week, with the fundamentals put in place
USDJPY has pulled back. So there's still a good chance to get in again at these lower prices. Price is currently 112.30, but I think this will be going back up to 114 again. And maybe even 118 after this.

I do not consider fundamentals much. I just look at the charts.
#4 - October 11, 2018, 01:48:48 PM

Edith Muthoni

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How can i get alert system where am notified anytime signal such an update is released. I MISSED THIS !!!!
#5 - October 20, 2018, 02:02:59 PM

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Quote from: Edith Muthoni on October 20, 2018, 02:02:59 PM
How can i get alert system where am notified anytime signal such an update is released. I MISSED THIS !!!!

You can subscribe to the thread and get email alerts any time there is a new post.
#6 - October 20, 2018, 02:08:18 PM

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USDJPY hit the 114 target since my prior post. I am now bearish on USDJPY. There has been a trend line on the Daily TF that has been hit many times now. It's been breached and it's currently being retested. I expect USDJPY to start falling any time now. 

Current USDJPY price is 113.11. My target price is 111.75 and it will probably even go down into the 110.75 area too.
#7 - December 10, 2018, 06:20:08 PM
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As an update to my previous post about USDJPY, price fell nearly 300 pips since that post. Both my targets were hit.

I am no longer bearish on USDJPY. I am waiting for some good trade set ups right now.
#8 - December 28, 2018, 03:34:10 PM
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I am going long on USDJPY since I think the bearish movement is exhausted.

Price is currently 109.35 and is sitting near some important support levels. I think price will bounce off of these and become bullish.

My target price for this is 111.75 and possibly 113.00
#9 - January 02, 2019, 03:43:06 PM
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Prokiller

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Today's Technical Analysis for: USD/jpy

According to H4 time Frame, it seems to be
Today Market Trend is : Bullish


Resistance Level are:-

1> Resistance Level is : 108.88
2> Resistance Level is : 108.99
3> Resistance Level is : 109.11

Supporting Level are:-

1> Supporting Level is : 108.72
2> Supporting Level is : 108.63
3> Supporting Level is : 108.47

Take profit is : 108.97

Stop Loss is : 108.50
#10 - January 09, 2019, 06:15:55 AM

Prokiller

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Today's Technical Analysis for: USD/JPY

According to H4 time Frame, it seems to be
Today Market Trend is : BEARISH


Resistance Level are:-

1> Resistance Level is : 107.99
2> Resistance Level is : 108.11
3> Resistance Level is : 108.23

Supporting Level are:-

1> Supporting Level is : 107.79
2> Supporting Level is : 107.70
3> Supporting Level is : 107.61



#11 - January 10, 2019, 06:50:32 AM

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Since my last post, price went as high as 110.00. I am now bearish on USDJPY. At least for the short-term.

There is a trend line that has been tested many times. It looks as if it's just a matter of time until it breaks and this falls hard.

I expect price to fall to the low 109 area.
#12 - January 25, 2019, 07:19:15 PM
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Shahzadkhan

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Technical analysis of USD/JPY Is bULLISH


1> Resistance level is:109.45
2> Resistance level is: 109.55
3> Resistance level is: 109.60


1> Supporting level is: 109.35
2> Supporting level is: 109.22
3> Supporting level is: 109.12
#13 - January 29, 2019, 10:30:09 AM

Fxortrader

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BUY only of USDJPY 109.440
TAKE Profit 109.490 
NO SL
#14 - January 29, 2019, 12:17:38 PM

Shahzadkhan

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My analysis of USD/JPY

Resistance and Supporting level today,s

Today Trend is:bearish

Resistance level today,s is

First Resistance is:109.38
Second Resistance is:109.42
Third Resistance is: 109.48


Supporting levels today,s is

First Support is: 109.30
Second Support is:109.25
Third Support is:109.10
#15 - January 30, 2019, 03:37:43 AM
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