Technical Analysis – DayTradeIdeas
Daily Technical Analysis is provided by Jason Sen of Day Trade Ideas, who has been day trading since the late 1980’s. Jason has been a contributor of Traders Summit since the beginning. He primarily focuses on providing technical analysis of the financial markets, including stock chart patterns, Forex and Metals setups, and other useful technical analysis.
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Yen expected to head lower in to next week. Why am I buying EURJPY USDJPY & CADJPY?
EURJPY beat strong resistance at 156.10/30 for a buy signal. I notified you at about 8.20am yesterday. We then shot higher to the target of 157.00 & we have another buying opportunity at 156.30/20 this morning. Longs need stops below 156.00. Targets: 157.00 & 157.50
USDJPY did hold above 139.30 as confirmation that we can trade higher (as I thought we would eventually) towards 140.20 & even 140.80.
Strong support at 139.20/00. Longs need stops below 138.80.
CADJPY beat 105.75/55 so I reversed us in to a long when I revised the trade ideas yesterday morning at 8:20am.
If you managed to buy on the dip to 105.75/55 it is worth holding the long to target 106.70, perhaps as far as 107.20
Please email me if you need this report updated or Whatsapp: +66971910019 – To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk
Jason Sen, Director
https://www.daytradeideas.co.uk
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