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ForecastCity_EU
May 19, 2020 10:21 PM

Don't miss the great buy opportunity in USDJPY Long

U.S. Dollar/Japanese YenFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (107.5). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.

Take Profits:
TP1= @ 108.10
TP2= @ 108.50
TP3= @ 109.05

SL= Break below S2
Comments
Kamryn
Good analysis
ForecastCity_EU
@Kamryn, 👍
Kristalyn
Thank You for sharing!
ForecastCity_EU
putci_76
WILL THIS WORK ?
Pro_Trader_007
Good analysis as usual
ForecastCity_EU
sara-kian-fx
Thanks a lot!
ForecastCity_EU
@sara-kian, 👍
sara-kian-fx
Keep This on my Radar This Week
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