price just broke the recent resistance and now move around for 1st re-test.
there is indicate a bull flag pattern as well.
will wait for the break of the pattern for safer entry.
price just broke the recent resistance and now move around for 1st re-test.
there is indicate a bull flag pattern as well.
will wait for the break of the pattern for safer entry.
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zainm6050 (2019-05-11)
we can see that the pair has failed in breaking 76.50 and bounced from it , so that's mean the down trend is expected and the pair might head to 76.20 and then 76.00
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zainm6050 (2019-05-11)
I think it will fall more and break all time low which is around 75.88 soon, UJ is falling from quite a long time no chance for USD to recover.
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zainm6050 (2019-05-11)
as we can see from the chart , the pair has stated it's trading week above the level of 76.50 and that's mean that the up trend is expected this week and the pair might head to 76.75 and then 77.00
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zainm6050 (2019-05-11)
USD/JPY is still staying well inside the falling channel that started back in 2007 at 124.13. There is no indication of trend reversal yet even though medium term downside momentum is diminishing with bullish convergence condition in weekly MACD
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zainm6050 (2019-05-11)
we look for the establishment back above the 50-Day SMA to reaffirm our recovery outlook and accelerate gains towards next key resistance by 80.25 further up. Ultimately, only back under 75.95 delays.
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zainm6050 (2019-05-11)
as we can see the down trend very clear on the weekly chart here and for the previous week the down diriction continue and the bearish candle closed under stron support of 76.50 so it seem we gonna see more falling next week for this pair
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zainm6050 (2019-05-11)
Positioning has been little changed since early August. Prices narrowly closed below key support at 76.25, the 76.4% Fibonacci extension level, but the move lacks conviction and threatens to run into renewed intervention from Japanese authorities.
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zainm6050 (2019-05-11)
The general trend over short term basis is to the upside, targeting 87.45 as far as areas of 75.20 remain intact.
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zainm6050 (2019-05-11)
Despite another dip to 76.11, USD/JPY is still contained above 75.94 low and stayed in range of 75.94/77.85. Thus, recent sideway consolidation is still in progress.
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zainm6050 (2019-05-11)
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