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USD/JPY has been grinding higher for a while now but it seems momentum is wearing thin.
There is now an ascending wedge formation on the daily chart below.
The price has also taken out both moving averages and they could act as support.
110.00 is the main resistance point now as a break would make a new higher high wave.
The RSI is also in positive territory but is starting to turn lower.
Daily market technical analysis trend buy
According to some best indicator like
Bollinger band
RSI
Zigzag
Market is going to up position if you like and gain good profit open buy order and gain goof and huge profit I thing keep in mind use money manage and always use stop loss and take profit.
Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at - 109.42
This currency name - USD/JPY
Resistance and Target - 109.46
Support and Stop Loss - 109.38
Always follow Long time frame market trend.
Signal is Sell.
Today market trend:Sell
Resistance and Support points also given has signal of market down
Technical indicators and Moving average se bhi market down hoti nazar aati hai
Agar ap profit hasil karna chahte hain to sell ki trade laga dein
today my specific examination on market design with this pair.
market design on :SELL
moving ordinary with buy :30%
moving ordinary with SELL:70%
Logical sar on : SELL
SO if we trade buy side, by then we get shurely take advantage to pick up.
USD/JPY - currency Trade pair.
Today forex signal - Buy
Support 3 - Support 2 - Support 1.
109.27 - 109.36 - 109.41
Resistance 1 - Resistance 2 - Resistance 3.
109.56 - 109.64 - 109.70
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.
I think all time low record is around 76, not around 78.88. Anyways i was think it gonna go up when it was around 80 and now it touch 80.35, i think we can see around 80.70 in coming days.
educational analysis. This is the first educational analysis I have done. Reason is because I played this pair almost perfectly over the past couple weeks. Feel free to reach out and let me know if you have any questions.
Understand how ABC pull backs look like and the characteristics of the approach. This will give you a better understanding on when to enter.
I think all time low record is around 76, not around 78.88. Anyways i was think it gonna go up when it was around 80 and now it touch 80.35, i think we can see around 80.70 in coming days.
109.407
jpy
−0.217 (−0.20%)
market closed (dec 27 16:59 utc-5)
109.624
prev
109.624
open
195.707k
volume
109.389 — 109.624
day's range