We’re analyzing the technical chart of USDJPY currency pair with our own indicators – Doda-Donchian and Doda-Bollinger Bands.

Below is the snapshot of the technical chart using H4 time frame on Metatrader 4.0

 

 

 

 

 

The chart is in uptrend from the last few sessions. The weekly pivot point, confirmed by Doda-Bollinger band indicator, is 107.54. So, as long as price is trading above this level, continue your long positions.

Closing below this level means exit your long positions immediately but do not take any short position.

Resistance:



108.83 – just crossed

109.65

Support

106.72

105.43

104.61

 

USDJPY technical chart | 30-Oct-2014
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