CHART : USDJPY
TIME FRAME : DAILY, WEEKLY
TOOLS USED : TRENDLINES, JFOREX PLATFORM
After doing a careful multi time frame analysis of the pair I came to a conclusion that the pair has bounced off from the Weekly support region as shown in chart by a rectangle. If the pair is able to close a week above 104.32 then we can safely say that an uptrend has resumed.
On the other hand on the daily chart we can see a triangle and the price is bouncing from the base of triangle again and again. I expect t…
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