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USD/JPY Turning Down

free forex usdjpy chart tips

free forex usdjpy chart tips

USDJPY prices are falling since the mid-2015 year. In the 2020 year, it has made a low price of $101.180. Are you still expecting up moves for the short-term? Then wait for the breakout of USDJPY-Bull Resistance.

According to my Parallel Channel (B), short positions in the range of $106 to $106.5 or below with targets at $105 – $104.5 – $104.260 in extension.

Breakdown of Parallel Channel (B) means a big explosion and double confirmation for sellers. Day traders can take benefit easily by examining fake-out…

For intraday traders: Don’t mess after an upside breakout of $106 level. Wait, watch, jump, and earn!

What will happens after bursting out from USDJPY Hourly Support? I will update it soon.


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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.

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