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14.06.202110:01 Forex Analyse & Reviews: Daily Video Analysis: USDJPY approaching sell entry, potential for reversal!

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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. Price is approaching the sell entry level, in line with 61.8%, 127.2% Fibonacci retracement and horizontal swing high resistance, where we could see a reversal and further drop towards take profit level, in line with 61.8% Fibonacci retracement and ascending trendline support. Stochastics is also approaching the upper resistance where it has reacted off before, indicating possible bearish pressure in line with our analysis.

*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
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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.
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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
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