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USD/JPY Bullish Continuation After a Pullback

By:
Nenad Kerkez
Updated: Nov 12, 2018, 13:14 UTC

Hi traders, The USD/JPY has formed a confluence at 4/8 MM and W H3 camarilla pivots. If the 4h candle closes above 114.00 we should see a continuation to

Yen

Hi traders,

The USD/JPY has formed a confluence at 4/8 MM and W H3 camarilla pivots. If the 4h candle closes above 114.00 we should see a continuation to the upside.

Rejections from 114.00 zone should provide a new bullish impulse towards next confluence targets. In that case, the bounce should target 114.45 – 5/8 – W H4 and 114.90 – 6/8 – W H5. If the price drops below 113.65 we could see a deeper retracement and the pair will be put to neutral mode again.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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