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csc2009
Dec 19 2016 at 07:24
834 posts
The pair probably will continue its consolidation movement in the near future as long as support level 117.00 still holds.

paidsignal
Dec 20 2016 at 07:54
78 posts
The USDJPY had a bearish momentum yesterday bottomed at 116.54. The bias is bearish in nearest term testing 116.00 area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 117.65. A clear break above that area could lead price to neutral zone in nearest term testing 118.00 or higher. Overall I remain bullish.

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dianajs
Dec 20 2016 at 13:40
823 posts
The pair rebounded from 116.54 after forming a spinning top bar on the 30M time frame. I think the move to the upside will continue towards the previous high at 118.65.

Jean-Pierre P. Aznavour II (eNyComics)
Dec 20 2016 at 15:37
36 posts
Yes, i agree maybe too 121.00 hopefully not. But after this trend for 6 weeks, it should go towards the 107.0 range.

"If you are makeing less than 500% a month you aren't doing it right!"
CrazyTraderfx (CrazyTrader)
Dec 20 2016 at 16:24
1718 posts
eNyComics posted:
But after this trend for 6 weeks, it should go towards the 107.0 range.


By reading this, I'm almost ready to press the buy button.

stian
Dec 20 2016 at 16:58
325 posts
BoJ have no plans to stop printing money anytime soon, and the rates for the USD will just increase, see no reason why it won't go back to the 120+ levels.

Trade24/5 (studionomi)
Dec 21 2016 at 07:54
11 posts
i think it will get support at 116.54 and 115.75 that is a good level of bullish trend and go long toward 120

Sucsses is the good reward of time surf
Jean-Pierre P. Aznavour II (eNyComics)
Dec 21 2016 at 08:09
36 posts
I wish I would've pushed that buy button a long time ago.

"If you are makeing less than 500% a month you aren't doing it right!"
Trade24/5 (studionomi)
Dec 21 2016 at 09:57
11 posts
The USD/JPY pair fell during the day on Monday, as this pair continues to be a bit overextended. I don’t know whether or not we can break down with any real significance, but we need to see some type of pullback in order to pick up momentum in order to go higher and reach towards the 120 handle. I believe that the 115 level below is supportive, and with this being the case I think that there is a lot of support all the way not only from that level, but all the way down to the 111 level underneath. A supportive candle is reason enough to go long, and therefore I have no interest in shorting. Overall, the Japanese yen continues to look soft, but we need to find value at lower levels.

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Sucsses is the good reward of time surf
dianajs
Dec 22 2016 at 12:35
823 posts
The pair is stuck in a tight range, I think if it breaks out above 117.75 it will reach 118.00 - 118.10.

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