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USD/JPY - is falling

Weekly chart

DAILY CHART

TREND:
short term (form November 2017) - market is downward trend
long term (from March 2017) - market is in consolidation

RANGE:
short term (form November 2017) - 111,00 - 114,50
long term (from March 2017) - 108,00 - 115,00

RESISTANCE:

112,00
113,00
114,20

SUPPORT:

110,30
108,00

ANALYSIS:
Looking at USD/JPY quotes we can see two elements: first on, the market is in upward trend from September 2017. The market moved from 117,50 area. Currently the …
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USD/JPY - CROSS TRIANGLE

WEEKLY CHART:
Rates easily break the resistance at 105.50 from 12.2012. Now the market is a strong uptrend. I think that market will attack the last peak at 110.60/70 from 08.2008. I suppose that rates will keep in pink triangle to 03.11.2014.
DAILY CHART:
The breakout of the upside triangle (blue lines) will make a new highs to 113.70. Before that there is a resistance at 110.60/70 (weekly chart).
Support:
- 107.70
- 106.60
- 104.30
Resistance:
- 110.60
- 113.70
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