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USD/JPY Potential Upward Movement

USD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 109.21, 109.68, 111.36

Key Support Levels: 108.64, 108.34, 107.00

Daily Chart:

The asset on the daily time frame is in a clear upward movement by posting higher highs and lows. Recently, the price managed to break the bullish flag formation to the upside where expect it will continue its main direction to the upside.

USD/JPY Medium-Term Trend: Bullish

4-hour Chart:

On the 4-hr time frame, the price is trading above the higher end of the bullish flag formation. A lower correction might be seen to the strong support level @ 109.21 USD, where expect to see the price to move upward by showing higher highs and lows.

Signal Idea:

Buy Limit Order @ 109.21

TP 1 @ 109.68

TP 2 @ 110.21

Stop Loss @ 109.01

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.

One comment

  1. Hello sir I join your telegram group on Saturday I want to work with you how I contact you give me a brief idea and also free signal on Monday so I test about you . I hope sir you contact with us . Thank you.

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