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USDJPY Forex Analysis for June 7th 2019

USDJPY Forex Analysis for June 7th 2019
Friday, June 7th, 2019 @ 4:12 am by Muhammad Azeem

About Muhammad Azeem:

Muhammad Azeem Mr. Azeem is a pure technician and solely employs technical market analysis in trading. He believes that the news is just the catalyst for technical events. In his opinion, prices are so far ahead of any news story as every conceivable fundamental possibility has already been discounted. Muhammad is a regular participant in the FX Instructor Live Trading Room.

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With a solid sideways market, the value of USDJPY spot Forex pair is moving no place and Forex merchants could notice that value of USDJPY is activity printing all over swings, which means no Forex trading possibilities for the Friday.

Various bullish and bearish legs could be seen in USDJPY value activity and market could hit a buyer point or a seller point and the value of USDJPY is direction looks vague. Market activity is venturing down and venturing up, resembles a Zig Zag design in between seller and buyer points. Seller point is available at 108.02 value level and buyer point is available at 108.55, in view of latest swing high and swing low in fifteen minutes time span of USDJPY. In any case; a bullish break out in value activity above 108.55 seller point or a bearish break in value activity underneath 108.02 buyer point will kick begin the new market trend. In this way, in light of the present market circumstance, abstain from buying and selling USDJPY and simply keep re-analyze the market development.

USDJPY Forex Analysis

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