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USD/JPY - Dollar Yen

USD/JPY - Dollar Yen

Short term (Intraday)

116,50. USD JPY is in an uptrend supported by 4H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexSto 1H 4H daily (modified Stochastic) is in a bullish configuration. The uptrend should continue on 117,50 resistance.
=> We could take a long position at 116,50. We will put the stop loss below 116,20 (-30 pips). The targets are 117,00 (+50 pips) 117,50 (+100 pips) 118,00 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Medium term (Daily)

USD JPY is in an uptrend supported by daily exponential moving averages. The volatility is low. The price should consolidate. The price should continue to move in Bollinger bands.

Long term (Weekly)

USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The price is just bellow 115,00 resistance. The volatility is low. The price should continue to move in 102,00 / 115,00 range.
Resistances
116,70 - 117,00 - 117,50
Supports
116,45 - 116,30 - 116,25
updated 01 nov 2005 08:30 GMT +02:00

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