. There is a possibility of temporary retracement to suggested support line (108.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. There is a divergence in and price between the trough at 106.775 on 2019-06-25 and the trough at 104.45 on 2019-08-26, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
. 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 is at 61.
TP1= @ 109.00
TP2= @ 110.70
TP3= @ 112.15
SL= Break below S2
★ For having access to the latest forecasts at the time they publish, the latest NEWS, and many other privileges, please subscribe to the