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USDJPY for 1 June

On weekly chart we can see price broke above 23% fibo level on 107.085 and moves up.
On daily chart we can see that price broke above the declining trend. MACD shows clear divergence. ADX declining and is bellow 25 level.
CONCLUSION: I expect price will reach 38% fibo level on daily chart and meet resistance. It is hard to say if it will break it till I1st June so I will expect price to be around 108.
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USDJPY for 1 may 2018

EMA are showing trend. Fast averages are bellow slow averages. MACD shows small divergance.
Stochastic shows divergence. Price faill to move further down below 105.29
There is no clear sign of trend change yet. But this divergence in macd and stochastic can be sign of trand change. I expect to see price around 107.2 on 1st may
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USDSPY for 1st May

Weekly chart

Fibo(08Nov2015-03Jul2016): Price bounced from 50% level after falling bellow 61%.
Bollinger bands: Price retraced from central band towards upper band.
RSI: Price above 50 line. It retraced from rising rsi trendline and continues rising.
Daily Chart
Bollinger: Price moves towards upper band. It may touch upper band.
RSi: Price moved upper 50 line and it is rising.
CONCLUSION: I expect USDJPY test 61% Fibo and retrace a bit before breaking above it. I expect usdjpy wil rise abo
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USDJPY after FED's rate hike

This year in June USDJPY broke last two year minimums and dropped till 98.955 in support zone. During the year price tested support three times and bounced high to 111.186 after chances for FED's rate hike increased to 100%.
As everybody is sure about rate hike in December we may say majority is buying USD. Because of that dollar is already overbought. Price may around 111.347, 50% fibonacci level of (Dec 2015-june2016). Closer to FED's rate decision it may rise above 50% level. With the rate h…
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Elens94 avatar
Elens94 8 déc

Good analysis!

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