With the US index' at all time highs, the USDJPY has shown some strength as the currency pair correlates.
This week we saw the pair struggle to get above the 110130 minor level, if we were to take this pair long we will need to get in after the first retracement leg.
If we get a break of the 109650 handle. Bears can look to take the pair to the...
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The University of Michigan released preliminary figures for January consumer sentiment showing consumers remain upbeat about the state of the economy. USDJPY rose as the headline figure crossed the wires at 100.9, beating expectations of 99.5 and rising over last months read.
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USD/JPY has been on an uptrend for a while looking for it to hit the top of the trend line as it is a strong trend line of trend is broken we would have a small loss and will look for another entry as this trade is around 5:1 risk/reward ratio basically meaning we are risking £1 to make £5. Currently in consolidation and we are waiting for buyers to enter the...
USDJPY SHORT AFTER BREAKING OUT OF LONG TERM UPTREND TRENDLINE. CORRELATES NEGATIVELY TO MY GOLD ANALYSIS AS WELL WHICH I PREDICT TO GO LONG SO BOTH GO HAND IN HAND. FOLLOW MY INSTA BA_INVESTMENTS FOR MORE FREE ANALYSIS, FOREX SIGNALS AND ACCOUNT MANAGEMENT.
. There is a possibility of temporary retracement to suggested Resistance line (108.87).
If so, traders can set orders based on Price Action and expect to reach short-term targets.
.USDJPY is in a range bound and the beginning of Downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
USD/JPY had been on an uptrend for a while now and shows no signs of stopping as you can see from my technical analysis USD/JPY is a buy at the moment and want it to get around 110.500 from technical analysis feel free to message me if you need help understanding any of my analysis 😎😎
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