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19.07.202112:38 Forex Analyse & Reviews: Daily Video Analysis: USDJPY facing bullish pressure, potential for further rise!

Today we take a look at USDJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.

Prices are holding above horizontal swing low support and ascending trendline support, in line with 78.6% Fibonacci retracement. We expect prices to rise further to the take profit level, in line with the 61.8% Fibonacci retracement level. Alternatively, prices may drop below the horizontal swing low support, and take support at another horizontal swing low support.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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USDCHF holding above ascending trendline support! Further bounce incoming!
USDCHF consolidating above ascending trendline support. Price could potentially push up further to 1st resistance at 0.93330 towards, in-line with 100% Fibonacci retracement, 61.8% Fibonacci extension and swing high resistance. Alternatively, price could drop and find support at 0.91645, in-line.
Author: Dean Leo
01:47 2021-09-27 UTC--4
4318
EURNZD Reversed Off Resistance, Potential Drop!
EURNZD has potential to reversed off from 1st resistance at 1.67908 in line with 38.2% Fibonacci retracement and 50% Fibonacci extension to 1st support at 1.64878 in line with 127.2% Fibonacci retracement and 50% Fibonacci extension. Our bearish bias is further supported by how RSI is showing a.
Author: Dean Leo
01:15 2021-09-27 UTC--4
4783
USDJPY short-term bearish drop | 27th Sep 2021
Price is holding above the ascending trendline support, however we are expecting the price to be making a short-term bearish drop as price has approached a strong resistance level where price reversed thrice at that level. We can expect the price to drop from the 1st Resistance and ride the bearish.
Author: Dean Leo
01:13 2021-09-27 UTC--4
7393
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