Usdjpylongsetup
USDJPY reversed from intermediate resistance, potential drop!
USDJPY reversed off its intermediate resistance at 107.325 where it could potentially drop further to 106.426.
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USDJPY approaching resistance, look out for potential reversal!
USDJPY is approaching its resistance at 106.638 where it is could reverse down to its support at 106.238.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDJPY - CRASH SOONUSDJPY is currently flirting with support, I anticipate once its broken its gonna fall quickly to the bottom again..
We can see in this chart price has broken and been rejected at this level several times but it will very soon break it and hit the floor
May be a while before it reaches its highs again
USDJPY BUY IDEA** JUST AN IDEA. NOT A SIGNAL **
I look to see a bullish behaviour from the trade to about 107.420.
Momentum has been lost over the few days however we can see a pattern is forming.
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SnapForexOfficial.
USDJPY Analysis FOR SHORT TERMThe level price of USDJPY is evolving under the VWAP, each time the price approach the VWAP, it goes back to the hallway fixed by the Pitchfork indicator.
Until now, signs show that USDJPY is going down FOR SHORT TERM.
A change could happen once we have an increasing break of the VWAP, and the resistance of pitchfork indicator.
USDJPY
USD/JPY Technical Analysis.Currently, USD/JPY is trading at 108.51. The pair started a new up trend after breaking resistance level at 107.86. The price was consolidating in the resistance and support wedges before starting new up trend. It is moving towards its first target which is at 109.06 and if it crosses the first target it may also hit the second target at 109.80.
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Rishikesh Lilawat
USDJPY maintains structure. Next stop, 108.70?USDJPY continues to maintain structure, finding support around the 107.40 zone
If price can close above 108.10 we could potentially see price break out of the channel, pushing back up to 109.37
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