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USDJPY Trend Lines in Technical_68922e7c602bf

USDJPY Trend Lines

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Technical analysis Of Usd/Jpy is bullish trend 
so set the resistance and supporting level with the take profit and stop lose 

Resistance and Supporting levels is :

Resistance level is

1> Resistance level is:112.02
2> Resistance level is: 112.23
3> Resistance level is: 112.41


Supporting level is

1> Supporting level is: 111.47
2> Supporting level is: 111.35
3> Supporting level is:  111.09



So i suggest this pair is now good buy chance current price is 111.71 so buy and set the take profit at the price 111.97 and set the stop lose at the price 111.52 i hope soon hit the target
#31 - March 06, 2019, 05:45:12 PM
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There is an excellent selling opportunity on USDJPY right now. Price is currently 108.08.

There is a weekly trend line which has acted as support for a long time. It was broke and is being retested. Price is back up near the line. This is a great selling signal in itself.

There is also a different trend line on the H4 chart which is about to fail. Price has tested this line now several times and is now stalling. It's just a matter of time until it fails and price dumps.

Price has also moves strongly up until the psychological resistance level.

Price will fall 300 pips down to the 105 to high 104 level. In my opinion, this is a great selling opportunity with a lot of reward and little risk.
#32 - September 13, 2019, 08:27:02 PM
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Thanks for your analysis usdjpy sir,,so in another word usdjpy still downtrend for now and best option is for selling usdjpy,,
#33 - September 15, 2019, 06:38:33 AM

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USDJPY Trend Lines in Technical_6803a6c52eb12
#34 - Today at 11:33:01 AM

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Price started falling right after my last post. See attachment. Price fell to 107.50 from 108.08. Price then came back up to near the entry level again and then fell again down to 107. Price then once again came back up to the initial entry level and then fell again down to 106.50. 

This would have been a great long-term trading opportunity because of the back and forth price action. In other words, this one trading set up could have been traded multiple times.

It is not over though. Price has retraced back up again and I see another trading opportunity. I will be posting about USDJPY very soon.
#34 - October 22, 2019, 12:14:28 PM
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I am bearish on USDJPY and have identified a very good trading opportunity again. 

There is a trend line on the H4 chart that has been tested many times. Support is about to fail. And when this happens, price will start dumping.

There is also a trend line on the monthly chart that has been broke and retested. Price fell and then has come back up to the same selling level again. I expect price to fall once again just like before.

Both charts are in agreement. A good target price is 108 short-term and the 106 level long-term. Price is currently 108.60.
#35 - October 22, 2019, 12:19:39 PM
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I am still bearish on USDJPY. There is a trend line on the Daily chart that has been broke and retested. This is in agreement with the higher TF from my previous post too.

Current price is 108.72 and I am expecting USDJPY to fall down to the 108 level at least.
#36 - November 19, 2019, 11:46:00 AM
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I am very bearish on USDJPY right now for 3 reasons:

1) On the Daily chart, there is a trend line that has been tested many times and is going to fail. There may be a small bullish retracement to test the line again, but then there should be a big price drop.

2) On the Weekly chart, price has been bullish and has extended up to a major resistance level near the 108.70 area.

3) On the Monthly chart, price is still below the trend line which was previously support.


Price is currently 108.62 at the time of this post. USDJPY should fall down to 108 in the very near term and at least 107 in the long term. This is a reliable trading opportunity with low risk and high reward in my opinion.
#37 - December 03, 2019, 03:44:18 PM
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Here is the updated view about the trend line on the Daily chart from my last post.

Price went back up as I thought might happen and is now retesting the line. I am expecting USDJPY to start falling any time now.

Price is currently 109.10 and the minimum target on this trade set up is 108.00.
#38 - December 12, 2019, 03:25:28 PM
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The USDJPY market at the DAILY timeframe has finally been able toBREAK the UP trendline, which means changing direction to rising is a top priority for the long term.

At the moment the USDJPY is still playing in the 110.170 area, it is likely to make a small correction to continue its rise up to the price of 113,700 and that could happen considering the UP trendline has been broken.
For the buy option, I suggest waiting for the price when the correction approaches the broken trendline at 109,300 and that is the ideal area to open positions.
#39 - January 17, 2020, 10:00:04 AM
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