USD/JPY has broken lower through the previous lows. Lows that most traders were hesitant to test because it was the area in which BOJ intervention was expected.
Thread: Usd/Jpy
USD/JPY has broken lower through the previous lows. Lows that most traders were hesitant to test because it was the area in which BOJ intervention was expected.
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The USDJPY pair traded with clear positivity yesterday to approach retesting the previously broken neckline of the double top pattern that appears on the chart, located at 110.76, noticing that the EMA50 meets this resistance to add more strength to it, while stochastic shows clear overbought signals.
Therefore, these factors encourage us to suggest the bearish bias in the upcoming sessions, which its targets begin by surpassing 110.08 level to confirm extending the bearish wave towards 109.40, reminding you that the continuation of the expected decline depends on the price stability below 110.76 – 110.86 levels.
The expected trading range for today is between 109.70 support and 111.00 resistance
The expected trend for today: Bearish
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Today's market technical analysis for usd/jpy
price 110.30
market trend is going bearish
market have good trading position for the sell traders
market resistance and support levels could as
1-Resistance level = 110.60
2-Resistance level = 110.90
3-Resistance level = 111.20
1-Support level = 110.00
2-Support level = 109.70
3-Support level = 109.40
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USDJPY Today Analysis
Market Trend NEUTRAL
PIVOT POINT 110.38
Support 1 110.06
Support 2 109.87
Support 3 109.55
Resistance 1 110.70
Resistance 2 110.90
Resistance 3 111.22
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Pair is Usd /Jpy
Todays my technical analysis of usd /jpy
Market trend is buy.
RESISTANCE and Supporting level is.
1 RESISTANCE LEVEL IS =110.74
2 RESISTANCE level is =110.85
3 RESISTANCE level is =110.96
And
1 Supporting level is =110.47
2 SUPPORTING LEVEL IS =110.36
3 SUPPORTING LEVEL IS =110.25
Its my opinion that day.
You trade lo risk.
Work work and work.
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The last upward acceleration has again slowed below the 111.50, causing a correction towards 111.00, where we find a support that holds for the moment.
As we move above, we could quickly go up towards 111.40 / 50, where a break would strengthen the rise towards 112.00 and 112.20 at first.
Conversely, in the event of a break below 111.00 and a confirmation below 110.75, USD / JPY could fall towards 110.50 then 110.25, before 110.00.
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analysis of Usd/Jpy
Bollinger Bands:buy
MACD:buy
Resistance and Supporting level is:
Resistance price is :
Resistance 1:110.72
Resistance 2:110.84
Resistance 3:110.97
Supporting price is :
Supporting 1:110.43
Supporting 2:110.31
Supporting 3:110.18
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usd/jpy technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 15.08.13
timeframe : 1 hour
time : 0300
market trend : up
adx wilder(14) level
style : 30.06
+di : 9.86
-di : 26.60
adx(14) level
adx : 58.17
+di : 3.97
-di : 26.47
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
USDJPY Today's analysis for this pair and the movement for today looks bearish in D1 and i have to give you the resistance and support levels for this pair.
So let's take a look on the today major support and resistance,
Support S.__1 110.55
Support S.__2 110.44
Support S.__3 110.35
Resistance R.__1 110.66
Resistance R.__2 110.77
Resistance R.__3 110.87
I am just giving my own analysis always trade with low risk.
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UsdJpy kelye me Apni analysis k bary mai bta deti hun k Market down jaye gi aaj aur apky leye mai support aur resistance provide krti hun,
Support_1 110.42
Support_2 110.31
Aur
Support_3 110.20
----------------------------------------
Resistance_1 110.64
Resistance_2 110.75
Aur
Resistance_3 110.85
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.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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