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bullish 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 buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal. This pair can continue bullish trend, now current price at 111.83 and strong support in hourly time frame at level 111.61 there is possible chance price will move to up side. then next high price is 112.34
I suggest to entry BUY with stoploss at 111.48 and take profit at 112.33
use higher timeframe is very important because it always helps you to enter in the direction of current trend . using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit
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Chart USD / JPY - Candle 4 Hours
Having climbed up to resistance at 79.85, it appears today USD / JPY started to turn down.
Actually it can be seen that the USD / JPY has been falling out of the channel, but if USD / JPY back down to break through support at the 78.85 range, then this may indicate that the USD / JPY failed to get out of its bearish trend.
If the support at 78.85 can be skipped, then the USD / JPY is likely to re-test support in the 77.60 range.
Good luck and press thanks.
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Analysis for UsdJpy Sell
Support_1 111.83
Support_2 111.71
Aur
Support_3 111.62
Resistance_1 112.19
Resistance_2 112.33
Aur
Resistance_3 112.47
Ap sy request ha k ap apni behalf par trading kary ye srf meri personal analysis he ap apne khud k mind se trade kare.
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This pair usd/jpy
Technical analysis of today is bullish.
Pivot Point. 111.93
Current Price. 111.83
Resistance level
1st. 111.94
2nd. 112.05
3rd. 112.16
Supporting level
1st. 111.72
2nd. 111.61
3rd. 111.50
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USD/JPY
USD/JPY is the forex ticker used to represent the US Dollar and Japanese Yen exchange rate on currency markets. It is used to ascertain the value of the US Dollar against the Yen, telling traders how many Yen are needed to buy a US Dollar. The Dollar-Yen combination is one of the most commonly traded forex pairs – second only to EUR/USD – because it values two of the largest and most influential economies in the world. Traders can use the live USD/JPY chart as an indicator of not only Japan’s economy, but as a benchmark for Asian economic health and even the global..
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CAD/JPY
The cross between the Canadian Dollar and the Japanese Yen is seen as a strong substitute for the USD/JPY pair when a trader is wary of trading the US Dollar. However, CAD/JPY is historically more sensitive to changes in market-wide sentiment than USD/JPY due to the historically higher yield attached to the Canadian Dollar. Further, the 'Loonie' - as the Canadian Dollar is known - is affected by oil prices because of Canada's energy exports.
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एशिया में, जापान बैंक ऑफ जापान कोर सी.पी.आई. y/y, डेटा जारी करेगा, और अमेरिका, रिचमंड विनिर्माण सूचकांक, नई गृह बिक्री, और एच.पी.आई m/m, जैसे कुछ आर्थिक डेटा जारी करेगा। इसलिए आज USD/JPY जोड़ी के निम्न से मध्यम उतार-चढ़ाव के साथ आगे बढ़ने की संभावना है।
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Hi Friends,
The USD / JPY was down from 0.1% at 111.86. Egy Maeda, chief executive of the Bank of Japan, which oversees fiscal policy, said the central economy was ready to stimulate the central economy, citing weaknesses.
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1 Attachment(s)
This can be nice trade to the downside.market trend is bullish
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"Hello dear (indian-forex) members of this great community, :) Today I want to share with you my intraday analysis of USD/JPY. :)))
USD/JPY is BUY according to four-hour chart. RSI(14)'s value is (50.471), STOCH(9,6)'s value is (58.594) and STOCHRSI(14)'s value is (84.142).
Let's have a look at today's Support and Resistance levels:
Pivot Point: 111.82
Support 1: 111.67
Support 2: 111.5
Support 3: 111.35
Resistance 1: 111.99
Resistance 2: 112.14
Resistance 3: 112.31
According to the current scenario I would like to recommend you to keep an eye on the pivot point and take your trade according to the support and resistance levels of the market and also don’t forget to use the proper money management. Have a great and profitable day ahead! :happy: :peace:"
