Daily analysis by DayTradeIdeas - 20/07/2023| FXMAG.COM

https://youtu.be/Nqwnr_ClLdU

EURJPY beat strong resistance at 156.10/30 for a buy signal. I notified you at about 8.20am yesterday. We then shot higher to the target of 157.00 & we have another buying opportunity at 156.30/20 this morning. Longs need stops below 156.00.

Targets: 157.00 & 157.50

USDJPY did hold above 139.30 as confirmation that we can trade higher (as I thought we would eventually) towards 140.20 & even 140.80.

Strong support at 139.20/00. Longs need stops below 138.80.

CADJPY beat 105.75/55 so I reversed us in to a long when I revised the trade ideas yesterday morning at 8:20am.

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If you managed to buy on the dip to 105.75/55 it is worth holding the long to target 106.70, perhaps as far as 107.20

Jason Sen

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason used technical analysis throughout his trading career and formed Daytrdeideas.co.uk which established itself as the leading provider of daily technical analysis to independent and professional traders within the investment bank community. He advises dozens of traders at up to 15 major investment banks and hedge funds on market movement throughout each trading day on The Bloomberg Professional® service. Jason Sen also provides trade ideas with entry, exit and target levels on Telegram & in daily reports to retail traders. daytradeideas.co.uk

Daily analysis by DayTradeIdeas - 20/07/2023

Jason Sen

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