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Usd-jpy-buy

Breakout on USD/JPY with Support tested 3 times and a Swing Low.The chart shows a possible breakout on USD/JPY, clearly stated by the short volume the market has, and three levels of support being tested 3 times in the past. Just remembering, the more times a key level has been tested in the past, the more accurate it can be. Price has also reached a Swing Low, which shows more evidence of a future strong and definitive trend. I believe the market will give us a start of a new and fresh trend with these levels of "cheap" - stated as Support from some traders.
by jwhappy
Still a strong uptrendI think over the coming days we will see USD/JPY carry on pushing higher. As you can see by the chart it is at the top of trend regression and so we should see a small dip as the RSI calms down. The ADX is continuing to show a strong trend and we are just coming out the back of a tea cup pattern. You can see the technical analysis is also pointing towards a Strong Buy however watch out for the price dipping under the moving average. At this moment I think we will see a small amount of resistance however I think the pair will carry on pushing upwards towards the 111 figure over the coming days. We need to watch out for the 110.350 level we are passing through now as this has been an important resistance level in the past.
by CurtisHolt
2
USDJPY Institutional Levels to Watch TodayGood morning traders! USDJPY has been drifting higher throughout the Asia session, however I'm not sure we will see new highs. We still have to get through 118.66 in order to see any continued upside. It is very possible that this is just a second attempt at the highs before this pair rolls over and continues it's corrective pullback. If this pair fails to break above and sustain above 118.66 expect continued consolidation/downside.
by UnknownUnicorn261897