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Thread: USDJPY

  1. #21
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    Weekly forecast for August 3-7. This month, it is highly possible that Yen would gain lots of strength, thus causing JPY pairs to tumble. The strength in the Yen may start before the end of this week, and therefore, it is possible that USDJPY will go below the supply levels at 123.00 and 122.00 this week or next week.


  2. #22
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    The USD/JPY pair initially tried to rally during the course of the week, but we found the 125 level to be a bit too resistive. By doing so, we ended up forming a shooting star, which of course is a very negative sign. The uptrend line below should continue to this market going higher, but a pullback may be necessary in order to break out above the 125 handle.

  3. #23
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    It is possible that medium-term bullish trend will continue if price breaks resistance at 125.00. The breakout will open the way to 125.25, 126.00 marks.

  4. #24

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    The pair went down but there is a good support for it at the moment and it might make move up in the current situation.

  5. #25
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    Bulls is still have the chance to maintain uptrend, but it is necessary not to lose support from the last bottom (123.00). If they fail, then the pair will get down even deeper into the zone of 121.85.

  6. #26
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    This pair tends to follow stock markets in general, and they of course had a very bad session on Friday so the move lower has been exacerbated because of that, and of course low liquidity due to holiday season. We are buyers on supportive candles and are simply looking for the opportunity to go long and reach towards the 125 handle yet again.

  7. #27

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    I guess, there will be falling to 119.58 level, and then start up to 122.15. You had better try to buy this pair from new local Low.


  8. #28
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    Above 121.62 will extend the rebound. But, we'd continue to expect strong resistance below 125.27 to limit upside. In the bigger picture, a medium term top should be in place at 125.85 on bearish divergence condition in daily MACD.

  9. #29
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    Well, I'm waiting for fall to 117.73. There is a chance of a preliminary pullback to 119.27, from where you can sell.

  10. #30
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    This pair failed to hit a key resistance level 119.67, and is currently trading below it. As long as the pair trades below this level, short positions are recommended but with the first stop at 118.29, and the next stop at 116.21


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indicators, long term, support

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