TradingView
ForecastCity_ME
May 20, 2021 11:49 AM

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 the suggested support line (108.65).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 45.

Take Profits:
TP1= @ 109.15
TP2= @ 109.50
TP3= @ 109.95
TP4= @ 110.40
TP5= @ 110.95

SL= Break below S2

❀️ If you find this helpful and want more FREE forecasts in TradingView

. . . . . Please show your support back,
. . . . . . . . Hit the πŸ‘ LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!

❀️ Your Support is very much πŸ™ appreciated!❀️
πŸ’Ž Want us to help you become a better Forex / Crypto trader?

Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.

Trade well, ❀️
ForecastCity English Support Team ❀️
Comments
davidgolandak
β‹…
This is great. Very helpful. Thanks
ForecastCity_ME
β‹…
@davidgolandak, You're welcome! All the best
AR_kooshani
β‹…
Good work! πŸ‘ Nice idea.
ForecastCity_ME
β‹…
@AR_kooshani, Thank you
Mesutkashmar
β‹…
Thanks. This is helpful.
ForecastCity_ME
β‹…
@Mesutkashmar, You're welcome! All the best
sofi_Morphy
β‹…
@harshadraje2001, But so far it's played out just as the forecast said. It touched 108.65 then it rejected from it. and the forecasts says buy on price rejection above 108.65.
harshadraje2001
β‹…
Give me replay non sense
More