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Master Wyckoff Charting, Weekly Analysis of USDJPY
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Monday, October 28, 2024 Opening Rally on Moderate Volume: The session began with a strong upward movement on moderate volume, showing that buyers were eager but not yet fully committed. The price quickly rose to test a resistance level of around 153.00, which had acted as a ceiling previously. This moderate volume on the…
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Trade Preparation USDJPY 4/11/2024
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USD/JPY H4 Chart Analysis (Primary Trend) Trend and Phase Identification The USD/JPY H4 chart shows a general upward trend, evident from early October. This upward trend could indicate a markup phase in Wyckoff’s terms, where prices are generally rising after what appears to be a prior accumulation phase in late August to early September.…