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U.S. Dollar / Japanese Yen
Long

USDJPY: Pullback From Key Level

1 948
snapshot

hey traders,

I guess you noticed this major strong daily support level on USDJPY.
the price has reached that yesterday and on 4H it went immediately rejected.

on hourly, after a steady bearish continuation, the price has set a higher low
and broke above the resistance line of a falling channel.

now the area between the last lower high and broken resistance serves as the local demand zone.

I will buy usdjpy from there.

goals:
104.6
104.8
VasilyTrader
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Also on:
Chart PatternsCurrenciesdollarforecastjapaneseyenjpySupport and ResistanceTrend AnalysisUSDJPYDJ FXCM IndexUSD (US Dollar)yen

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Chart PatternsCurrenciesdollarforecastjapaneseyenjpySupport and ResistanceTrend AnalysisUSDJPYDJ FXCM IndexUSD (US Dollar)yen
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

✅ Facebook: facebook.com/VasilyTrading/

⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.