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The greenback ended the session on Wednesday flat with a negative bais, versus the yen,
completing a range-bound session. The pair closed above crucial levels at 98.00; lower
end of the medium term bullish channel and the gains could extend to 99.70- 100.00 yen
in the near term. Important supports placed at 97.50- 98.00, close below which the
declines could extend to 96.00- 96.26. Buy the pair on dips.
TRADING RECOMMENDATIONS
LONG:
At 97.60 with a stop at 97.10 for a profit target of 98.70 Trade initiated at 3.45- 4.00AM GMT
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long term movement pivot, resistance and support levels are as follows for today date.
current market price is at == 111.64 level.
this currency name == usd/jpy pair.
resitance and target - 113.94
support and stop loss - 110.23
Always follow long time frame market trend.
Signal is Buy
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USD/JPY
Date - 12 July, 2018.
Today signal - Buy
Support 3 - Support 2 - Support 1
109.71 110.24 111.11
Resistance 1 - Resistance 2 - Resistance 3
112.51 113.04 113.91
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.
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time frame - 4 Hour
currency pair - USD/JPY
buy @ 112.36
take profit @ 112.89
stop loss @ 111.92
risk reward ratio - 1 : 3
the pair may go bullish and possible retracement uptrend. buy dips sell high.
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Forex Forecast with price level.
USD/JPY - pair in focus
Current Price - 112.51
main support level - 112.15 112.26
main resistance level - 112.65 112.76
Pair likely to be in Sell today.
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USD/JPY's sharp fall today argues that recovery from 78.33 is finished at 78.84. Intraday bias is cautiously on the downside for 78.33 and break will target 77.90 support next. The overall outlook remains unchanged. That is, price actions from 77.66 are either a consolidation pattern that's completed with three waves to 79.65, or is a five wave triangle pattern. In either case, recovery attempt should now be limited well below 79.65 resistance. Break of 77.99 will indicate that fall from 84.17 is finally resuming for 75.56/84.17 support zone.
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UsdJpy bullish trend can continue today, now current price at 112.68 and strong support at level 112.50 in hourly time frame. there is possible chance UsdJpy price will move to up side. then next high price is 113.20
I suggest to entry buy with stoploss at 112.35 and take profit at 113.20
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1 Attachment(s)
https://indian-forex.com/attachment....78&cid=1&stc=1USD/JPY those levels show that ptlace to short at Resistance R2: @ 112.62 , just look out how it works those prediction resistance areas ,
Resistance R3: @112.76 , R2: @112.62 , R1: @112.41. watch out is that brakes the high or falls low :)
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USD/JPY
Date - 12 July, 2018.
Today signal - Buy.
Support 3 - Support 2 - Support 1
111.45 111.71 112.18
Resistance 1 - Resistance 2 - Resistance 3
112.91 113.17 113.64
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.
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time frame - 4 Hour
currency pair - USD/JPY
buy @ 112.53
take profit @ 112.75
stop loss @ 112.43
risk reward ratio - 1 : 3
the pair may go bullish and possible retracement uptrend. buy dips sell high.