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| USDJPY H4 |
On a longer term view, I see a triangle formation. I expect it to break to upside. (see daily chart)
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| USDJPY Daily |
A Full Time Trader's Blog. The Forex and Commodities Trading with Technical and Fundamental Analysis
Thursday, October 11, 2012
USDJPY Long Trade Setup
Currently price is testing a horizontal support area. This area has provided support on previous several drops. On a break of this support, the rising trendline is expected to support.
I plan to go long at current prices.
On a longer term view, I see a triangle formation. I expect it to break to upside. (see daily chart)
On a longer term view, I see a triangle formation. I expect it to break to upside. (see daily chart)
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