ForecastCity_Turkce_TR
Long

Don't miss the great buy opportunity in USDJPY

FX:USDJPY   U.S. Dollar / Japanese Yen
Trading suggestion:
. 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.

Technical analysis:
. There is a divergence in RSI 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 RSI is at 61.

Take Profits:
TP1= @ 109.00
TP2= @ 110.70
TP3= @ 112.15

SL= Break below S2
http://www.ForecastCity.com/tr

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It is going toward the MARS!

;-)
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