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ForecastCity_EU
May 11, 2020 12:59 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 (106.95). 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 78.

Take Profits:
TP1= @ 107.45
TP2= @ 107.65
TP3= @ 108.00

SL= Break below S2
Comments
Kristalyn
thanks for your ideas
ForecastCity_EU
@Kristalyn, you're welcome
Kamryn
Thoughtful analysis
ForecastCity_EU
@Kamryn, kind of you
Forecast_Crypto
Keep This on my Radar This Week,
ForecastCity_EU
@Forecast_Crypto, Thank you for your comment
Forecast_Crypto
Thanks a lot!
ForecastCity_EU
Pro_Trader_007
Great analysis buddy
ForecastCity_EU
@Pro_Trader_007, Thank you
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