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I try to make analysis for USDJPY pair today.
I see this pair still in strong bearish movement . If this pair can break the 111.93 support level, I predict this pair will go up to the next support at 111.43 But if this pair go up and break 112.43 resistent level, I predict this pair will make some correction to the next resistent level at around 112.93
Sell signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Sell with stoploss at 112.28 and take profit at 111.43
Don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.
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USD/JPY
market technical analysis
the market is in down trend and is in sell position
closed price of the pair was at 122.20
expected resistance and support levels are as under
R1 122.40
R2 122.60
R3 122.80
S1 122.00
S2 122.00
S2 122.80
S3 122.60
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usdjpy pair seems to have a small resistance at 80.25 .. this resistance is not that strong but it can be consider as small resistance..
If it crosses 80.25 and then further crosses 80.40, then it can move further up and can be bought till 80/70 thanks
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bearish trend seems to be taking place on the usdjpy pair and that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction. A sell signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
usdjpy bearish trend can continue , now current price at 112.18 and strong resistent at level 112.38 in hourly time frame. there is possible chance price will move to up side. then next low price is 111.68
I suggest to entry SELL with stoploss at 112.50 and take profit at 111.68
I hope you can earn consistent profit from my signal, good luck
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Yes i agreed with you, that when we history it falling down only. Some 20 yrs back, price was more then 300, around 10 years back price was around 150 and now 80, maybe after 5 yrs price goes to 50.
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Achieved the dollar versus the yen strong break to the level of 122.00 and fell sharply, touching 76.4% Fibonacci correction of the rise, this level is at 120.50, and breaking it would extend losses pair to reach the bottom level registered in advance at 118.87.
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This USD/JPY Chart lets you see this pair's currency rate history for up to 10 years! XE uses highly accurate, live mid-market rates.USD/JPY close:112.20987 low:111.91370 high:112.34584
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This USD/JPY Chart lets you see this pair's currency rate history for up to 10 years! XE uses highly accurate, live mid-market rates.
12 Oct 2018 11:10 UTC - 13 Oct 2018 11:11 UTC USD/JPY close:112.21891 low:111.91370 high:112.34584
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A decline in continuing and initials jobless claims in the US and trade balance data help stocks improve in Europe and also to Wall Street futures that trimmed losses. In the currency market the Yen weakened and turned lower on a moved that it could be also supported by a sharp decline in the Swiss Franc across the board.
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The pair temporarily fell to pre-intervention level amid an influx of safe-haven related flows as market participants continued to fret the never ending uncertainty over the global economy. In particular, there is growing concern that the actions taken by EU leaders are simply not enough to promote stability in the debt ridden states