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The5ers - Funding Forex Traders & Growth Program
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[QUOTE="The5ers, post: 203727, member: 70285"] [HEADING=1]Weekly trade idea on USD/JPY.[/HEADING] [HEADING=2]Week: 17-21.01.2022[/HEADING] [HEADING=1]Bank of Japan Outlook.[/HEADING] [B]The BOJ outlook report is one of the strongest movers of the JPY we have seen in recent years. While the report is tentative, we do know that it will be released on Tuesday. Keep your eye on this report as it has the power to change trend direction.[/B] At this current time, the daily trend is bullish and I expect it to continue. [HEADING=1]Key Levels:[/HEADING] [LIST] [*]Resistance 115.600 [*]Support 113.500 [/LIST] [HEADING=1]Trend USD/JPY:[/HEADING] Bullish Price has just completed a strong pullback before either a continuation or a change in trend direction. [HEADING=1]Call to Action/Trade Idea[/HEADING] We will look for any opportunity to join the bearish trend with a good RR moving up into the drawn supply zone. Keep your eye on the BOJ report as it can change this analysis drastically. [ATTACH type="full"]19904[/ATTACH] [URL="http://www.the5ers.com"]www.the5ers.com[/URL] [/QUOTE]
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