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SGD/JPY Trade idea


Guest Balaji3003

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Guest Balaji3003

SGD/JPY has broken a weekly double top pattern with the next level of resistance at around the 8500 area.

There is a clear triangle/pennant formation in the one hour chart. There is a good probability that this market heads higher to retest the 8500 area. I am not thinking of entering this trade right now - maybe on the breakout of this pattern on early Monday morning.

 

sgdjpy 1hr.PNGsgdjpy weekly.PNG

 

 

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