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RaynLim
22 août 2018 06:13

USDJPY - Weekly Market Analysis - August 2018, Week 4 Short

FX:USDJPY60
U.S. Dollar/Japanese YenFXCM

Description

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Overall Trend for USDJPY still is a bullish move, at least on the daily chart it is, on H1 there is a counter-trend trading opportunity.

At Pt D completion, I will be waiting for a double top before considering shorting this pattern as the market is still on a bull run.
Support and ResistanceButterflyaskforex100forex100academyharmornicpatternUSDJPYusdjpyshort
Commentaires
UnknownUnicorn493766
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R, well done on your analysis. You picked this one perfectly it seems.
UnknownUnicorn493766
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4hr has major level at the 110.650 to 110.750 zone with the 50 EMA combining.
Massive bearish MACD shown on the daily for this move lower.
Arguably turn down now on the 1Hr at resistance last major swing low above..? Your thoughts
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