USD/JPY Forex Analysis and Forex Signal

We received a short signal on the USD/JPY yesterday, on the D1 timeframe. This was sent from our Harmonic Pattern EA, which holds a 95% accuracy rate on the USD/JPY.

What Others Are Predicting

FX:USDJPY hot at the same time 2001 MA and resistance at 109 and it retraced strongly. It´s possible a correction to 107 or close to come back again to the 109 resistance and even break it.
USDJPY The technical cross-section: Trend: 0 A strength of trend: 0 Overbought/oversold: none The priority area of transactions: selling Buying in the area of 107,80 with a stop below 107,50 and a profit in the area of 108,50. Buying in the area of 107,20 with a stop below 106,90 and a profit in the area of 108,10. Selling in the area of 108,70 with a stop above 109,10 and a profit in the area of 107,90.
USDJPY short

My Thoughts!

  • Price has reached a strong resistance level on the D1 timeframe.
  • We received a short from our harmonic pattern EA.
  • Set SL above the previous resistance level of 109.250

Our short target range is 107.907 – 106.646

Cheers to another successful week!

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