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THE YEN closed lower on Friday. The lowrange close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are bullish signalling that sideways to lower prices are possible nearterm. If it extends this week's rally, the reaction high crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm high has been posted.
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USD/JPY's consolidation fro 78.33 is still in progress and could continue further. Above 78.84 will bring another recovery. Though, 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 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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Today usd/jpy current rate ; 109.980
Today by observing all the routine of the market carefully i have come to know tha the most
suitable and the most profitable selling point will be 109.884
and today the most profitble buy point will be 109.995
I hope you all will follow my signals
good luck .my all best wishes are with you
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But this morning USDJPY was rising but falling again again as there are improvements in JPY, I also have a prediction that the UJ will go up on this day, but take profit point still not I know it clearly. but it might take support in advance to back up further. or it may be awaiting the European session open.
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Yesterday's strong decline today, was not supported by the participants wound, bears a pair of worn out and again went to the north punched above 200 MA, MACD formed a clear buy signal and the nearest resistance is as much about 98.60 (there is a good potential stroke), the alternative-break of support 97.00 96.40 and 95.80 will open.
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At the moment trend is bullish but price action has been held by the trendline resistance around 78.55 area and we are coming back into the trendline next area of target is 78.49 but close above pivot will make us see 78.70-78.90 area...lets be careful of news out of japan with the government saying they will be out of cash by october
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The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 77.30 and key resistance at 79.55. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.
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USDJPY is able to make a new high in tokyo opening. it still makes weekly LSMA pointing up sharply in the state. tendency for rising prices remain strong. and this is also shown by the daily LSMA still pointing up sharply. then focus on looking for the best buy. place a stop loss on a weekly LSMA. if the price is moving up then place a take profit on the daily high price which is about 98.50
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USD/JPY technical analysis of the market
Resistance lever and Support lever
current price Usd / jpy / 112.70
Resistance lever 1 / 112.76
Resistance lever 2/ 112.81
Resistance lever 3/ 112.86
Support lever 1 / 112.66
Support lever 2 / 112.61
Support lever 3 / 112.56
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Technical analysis for this pairs
usd/jpy analysis for 30.12.2018
( USD/JPY ) price sell (minimum) is 112.69
or buy (maximum) 112.54