#21
The USD/JPY currency pair is already moving inside an “overbought zoneâ€. Earlier the price rebounded from the daily Super Trend’s line and the bulls started a new ascending movement. If later the market breaks the +2/8 level, the lines at the chart will be redrawn.
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#22
Several Take Profits worked at the 8/8 level and it looks like the bulls are not going to stop there. We can’t exclude a possibility that the buyers may enter an “overbought zone†on Tuesday. The short –term target is at the +2/8 level.
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#23
The market is trying to keep the price inside an “overbought zoneâ€. We can’t exclude a possibility that the pair may try to test the H4 Super Trend’s line. If the pair rebounds from the line, the price will start a new ascending movement towards the 8/8 level.
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#24
Canadian Dollar started a more serious correction; the price is currently moving between the Super Trends’ lines. However, until the market is inside an ascending channel, the bulls have a good chance to start a new ascending movement. The target is at the +2/8 level.
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#25
The market couldn’t keep the price below the H4 Super Trend’s line and the pair is moving inside an “overbought zone†again. The short-term target is at the +2/8 level. If the price breaks this level, the lines at the chart will be redrawn.
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#26
Canadian Dollar continues moving upwards. At the daily chart we can see that the bulls broke the 4/8 level. If later they are able to keep the price above the 5/8 level, the pair will continue growing up towards the 8/8 one.
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#27
Canadian Dollar is still being corrected; at the H4 chart the price is testing the 8/8 level. If the market rebounds from this level, the pair will start a new ascending movement. If later the price breaks the +2/8 level, the lines at the chart will be redrawn.
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#28
Franc is still being corrected; the bulls are supported by the H4 Super Trend’s line. If the price rebounds from the current levels, the pair will continue growing up towards the 8/8 one.
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#29
Canadian Dollar rebounded from the 8/8 level, just as I expected; right now the price is still moving inside an “overbought zoneâ€. Most likely, the pair will start growing up again. After the price breaks the +2/8 level, the lines at the chart will be redrawn.
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#30
The pair rebounded twice from the 8/8 level and started moving upwards again; the bulls are supported by the H4 Super Trend’s line. Later, the price is expected to break the +2/8 level; in this case the lines at the chart will be redrawn.
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