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  1. #1
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    Default Analysis of USDJPY

    Hello!

    I suggest sharing your forecasts about USDJPY currency pair.

    Well, we have three bars outside Bollinger envelopes which should bring market to correction.


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  3. #2
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    This currency pair continues its steady decline in the direction of 1.5041 level.

  4. #3
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    The pair is getting for correction in the direction of the middle Bollinger band . Upon that, an upward movement was notable, so to sell, one need to receive an additional signal.

  5. #4
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    Quote Originally Posted by Sadam View Post
    This currency pair continues its steady decline in the direction of 1.5041 level.
    Oppps, wrong analysis))

  6. #5
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    The currency market has closed at 124.13 level. Now I expect some dawnward correction at the openning.


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    Resistance is represented by point 124.18. I expect some pullback to 124.18 abd decline to 123.53



  8. #7
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    Default

    USDJPY is based in the bottom envelope even in the middle of the range, so we need to wait when the price will respond to the bottom/ middle Bollinger bands.



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    Bulls continue to terror bears, who are ready for it but also reserved a chance to make a revenge.

  10. #9
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    The USD/JPY always has an up trend. Nevertheless it gives great opportunities to sellers, forming many pull-backs on the way. Now one of them starts.


  11. #10
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    The USD/JPY was at the 124.07. I guess there will be an up-gap at the opening.


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