USDJPY LONG UPDATESMALL CHART EDIT \\ UJ finding strong support area of 106.5-106.8. We will be looking for a rejection off the 107.4-107.5 and find support at 107.0-107.1
Price is showing strong bullish engulfing momentum on the higher time frames after recovering from March's lows. We should expect strong fundamentals in the week to come, with no shock to the dollar as we remain flat on interest rates through the year. Markets have seemed to have digested the bias and the dollar wants to show its strength, with pride!
Yenpairs
Yen Index at resistanceThe first two weeks of June has been fruitful for JPY, gaining strength against it's major counterparts. Maybe the strength will continue but my Yen index has rallied to resistance with supply above. AUDJPY and NZDJPY have very nice uptrends and I'll be watching these and others for their next impulse
GBP/JPY 06/16/20 POSSIBLE SELL 1.5% 1:2 RISK TO REWARD. 12.5 PIP STOP LOSS FOR 25 PIP TAKE PROFIT. I am looking for BREAK BELOW LATEST LOW AT 133.800 area. Simple BREAK AND RETEST trade. I personally have a SELL STOP AT 133.77. I am personally risking 1.5 %. Risk what is appropriate for you. Check out my YouTube at PAPICHULONOE.
U.S.Dollar vs Japonese Yen SwingTrade AnalisysHello Traders,
The dollar is close to break out and long term simmetric triangle against the Yen. Due to the triangle projection and the bull Flag projection. It seems that it is going to test the historial top in a few months.
We recommend to open long position in caso of an breaking out of the triangle or if it does another flash dump to the key level .
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