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USDJPY Next Move

アップデート済

It is difficult to say whether or not USDJPY will break the Red Line (major support) and go for further down or will turn up again to test 113-114 area.
I will wait till the price shows us the direction. If it has to go up, I will like to see may be a Wedge formation/Consolidation pattern near the support line and then price moves up - I will not speculate that the price will move up from that point. Let it show an up move, then will look into 4 hour or 1 hour chart to enter a long trade.

Personally, I think there is a good possibility for it to go up after testing or even breaking the support.
No hurry - price will show us the direction!!

If I see any such action later this week, will update.

Thanks

トレード稼働中

If you are already long in this trade, suggest that you move your SL when it approaches 110.50 area. At that juncture, there are 2 possibilities - it may go down again (as shown in the chart) or it may take off from that point. If you move your stop loss and it goes down then you do not loose anything (may be you get some profit) but if it takes off, then you watch and enjoy the trade!!!

bulan