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USDJPY analysis

USDJPY
The currency pair is trading in the range of 365 and 135 moving averages. The breakout of 109.945 will result in the formation of an ascending wave pattern of the M30 level, where the wave (A M30) broke through the inclined channel of the descending wave pattern of the H2 level, which is probably the correction wave (B) of the ascending pattern of the D1 level. A start fractal was formed above the 135 EMA.

USDJPY rate online: monitor the price movement in real time.


Trading idea:
Buy on a breakout of 109.945
Stop Loss under the support level of 109.56.
Target levels: 110.38; 110.72

Author: GC

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