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1-USDJPY trading plan.
Buy signals above 123,7 with a take profit level around 135. Mind the 130 resistance level on the way.
On the monthly time frame USDJPY broke a previous monthly high around 124,8. This opens the road to the next resistance level around 135.
USDJPY MONTHLY CHART.
If we take a look at the daily chart, it shows a strong uptrend. We see clearly the breaking up of the monthly resistance at 124,8
USDJPY DAILY CHART.
This will most probably go up, but we cannot buy the pair while it is so high; we need first to wait for a pull back and a buying signal. On H4, we see a triple bottom around 123,7, this is the ultimate support we do not want to see broken down to keep a bullish bias on USDJPY. As long as we stay above that level, we will be looking for buying signals.
USDJPY H4 CHART.
2-NZDUSD TRADING PLAN.
Sell signals under 0,725 with a take profit level around 0,69
On the weekly chart we see the pair broke down two significant supports around 0,72 and 0,725 . They now stand resistance and we will look for selling signals under those levels.
NZDUSD WEEKLY CHART.
The monthly chart will help us in finding a take profit level, as we see the pair rushing down to a 50 fib level support around 0,69. This is where we will probably close our trade.
NZDUSD MONTHLY CHART.
3-CADJPY trading plan.
Buy signals above 100 with a take profit level around 103,3.
We see on the weekly chart that CADJPY broke a range resistance around 100 that is now support. The pair stands at a resistance around 100,9. Should that resistance break, the next one is a 0,786 fib resistance level around 103,3.
CADJPY WEEKLY CHART.