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USD/JPY Potential Upward Movement

USD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 128.491, 129.062, 129.500.

Key Support Levels: 127.921, 127.453, 127.000.

Daily Time Frame:

The price on the higher time frame could not continue its move to the downside and faced a strong resistance which led to the formation of the double bottom pattern. A reversal occurred and the price is about to move higher again in the same direction of the main trend.

USD/JPY Medium-Term Trend: Bullish

Key Resistance Levels: 128.491, 129.062, 129.500.

Key Support Levels: 127.921, 127.453, 127.000.

Daily Time Frame:

The price on the higher time frame could not continue its move to the downside and faced a strong resistance which led to the formation of the double bottom pattern. A reversal occurred and the price is about to move higher again in the same direction of the main trend.

USD/JPY Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a higher low formation. A lower correction has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.

Buy Market Order @ 127.921

Target Profit 1 @ 128.491

Target Profit 2 @ 129.062

Stop Loss @ 127.350

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

10 comments

  1. With respect. How can a person ( like me ) trying your service with the free signals, get a true picture and accurate results, or even the same results as the VIP group if updates are not posted along with the signals. you may lose potential subscribers because of this. Just saying 🙂

    • Hi Paul, we provide full recaps of our results. You can see if you scroll back further. I understand you want updates in the free group, but the paid members pay for that. We do the best we can for our free members, but our main focus has to be with those paying.

  2. Hello, i would really like you to tell me why you are deleting losing trades from your Free Telegram ?
    It looks like you are just making the w/r look higher by deleting losing trades…
    I don’t mean to be hatefull, just curious as to why you would do that, is there a place other than the VIP that I can see trades without them getting deleted?
    Thanks anyways

    • All results are provided, and tracked. This trade was closed manually @ 127.560 JPY in VIP. When trades are done in the free group they are frequently removed to bring attention to my videos, or other more important content that will serve new viewers of our community.

  3. SL HIT in this trade, i am going to buy your VIP group membership but now i am not going to buy, this is 3rd in a row where my trade loss or going to hit SL, i’m not sure about your strategy because i will try your four free signals only 1 of them are in positive.
    If there is any update in that trade you have provide in the free group also, because that was free signal.
    I’m Sorry for rude behaviour but i lost my money due to your free signals, i’m in a huge debt, i lost my $2300 in trading because of my bad anylisis and don’t use proper Risk management, i don’t use SL, that’s why i lost my money and i’ m a student, and i haven’t that much of money to clear my debt, that’s why i try your free signals to recover some money and then buy your VIP group membership from that money, and from vip signals i recover money and clear my debt, sorry but i lost all the rest $60 which i have!

    Sorry! this was my frustration!

    • Look Devesh, we’ve done very well with our free signals over the past month. We closed this trade manually @ 127.560 JPY. Updates like these are only provided in the VIP group. Nobody told you to use bad risk management on the trade. You shouldn’t be trading at all when you don’t have money you can afford to lose.

  4. Reached stop loss. Why no update ?

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