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ForecastCity_ME
Apr 23, 2021 3:46 PM

πŸ’‘Don't miss the great buy opportunity in USDJPYΒ Long

U.S. Dollar/Japanese YenFXCM

Description

β‹…
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (107.800).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. USDJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.

Take Profits:
TP1= @ 108.531
TP2= @ 109.201
TP3= @ 109.757
TP4= @ 110.385
TP5= @ 110.859

SL= Break below S2

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Comments
Sophi2018
β‹…
Good analysis
ForecastCity_ME
β‹…
@Sophi2018, Thank you
Megan_forex
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You are great as always!
ForecastCity_ME
β‹…
@Megan_forex, Thanks a lot
AR_kooshani
β‹…
Good forecast, hope to see more.
ForecastCity_ME
β‹…
@AR_kooshani, Thank you
Mesutkashmar
β‹…
I agree with you.
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