ForecastCity_ME
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 (104.75). 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 70.

Take Profits:
TP1= @ 105.30
TP2= @ 105.65
TP3= @ 106.05
TP4= @ 106.70
TP5= @ 107.25

SL= Break below S2

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ForecastCity English Support Team ❤️
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Comments

Thoughtful analysis, well done!
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@Sir_Ray, thanks for your comment.
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Great analysis!
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@Kamryn, thanks for your comment.
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Your analysis is very accurate.
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ForecastCity_ME Josef_anderson
@Josef_anderson, thanks for your comment.
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1st recommend I have followed...
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ForecastCity_ME Pro_Trader_007
@Pro_Trader_007, thanks for your comment. we Appreciate it.
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Excellent forecast.

Thanks for sharing this great idea!
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ForecastCity_ME Alexander_007
@Alexander_007, we Appreciate your comment.
Reply
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