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USD/JPY Potential Upward Movement

USD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 115.55, 115.97, 116.35

Key Support Levels: 114.45, 114.13, 113.47

Daily Time-frame:

The price on the higher time frame has recently touched a support point and bounced back from there. Price has also crossed the upper resistance zone and sustained above that. With the dollar picking up momentum, we should see a good move in this pair.

USD/JPY Medium-Term Trend: Bullish

1-Hour Time-frame:

On the lower time frame, the pair has recently shown a good bullish move after breaking a consolidation zone. Price also confirms the major trend and is moving in the same direction.

Signal Idea:

Buy Limit Order @ 114.82

TP 1 @ 115.50

TP 2 @ 115.81

Stop Loss @ 114.49

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

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