💡 Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (104.3). 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 44.
Take Profits:
TP1= @ 104.85
TP2= @ 105.15
TP3= @ 105.75
SL= Break below S2
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Usd-jpy
💡USDJPY - Weekly technical analysis updateMidterm forecast:
102.60 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
A peak is formed in daily chart at 103.35 on 01/21/2021, so more losses to support(s) 104.45, 104.15, 103.15 and minimum to Major Support (102.60) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 69.
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💡 Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (104.0). 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 50.
Take Profits:
TP1= @ 104.45
TP2= @ 104.70
TP3= @ 105.00
SL= Break below S2
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💡 Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (103.67). 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 62.
Take Profits:
TP1= @ 104.15
TP2= @ 104.40
TP3= @ 104.75
TP4= @ 105.10
TP5= @ 105.67
TP6= @ 106.10
SL= Break below S2
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💡 Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (103.7). 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 50.
Take Profits:
TP1= @ 104.10
TP2= @ 104.40
TP3= @ 105.00
SL= Break below S2
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💡 Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (102.75). 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 50.
Take Profits:
TP1= @ 103.45
TP2= @ 103.60
TP3= @ 103.90
SL= Break below S2
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💡 USDJPY . Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 103.15, beginning of uptrend is expected.
We make sure when the resistance at 106.00 breaks.
If the support at 103.15 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 57 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 105.65 on 11/10/2020, so more losses minimum to Major Support (103.15) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
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💡 Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (104.2). 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 77.
Take Profits:
TP1= @ 104.85
TP2= @ 105.10
TP3= @ 105.65
SL= Break below S2
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💡Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (104.7). 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 75.
Take Profits:
TP1= @ 105.65
TP2= @ 106.05
TP3= @ 106.50
SL= Break below S2
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💡Don't miss the great buy opportunity in USDJPYTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (104.20).
. 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 64.
Take Profits:
TP1= @ 104.67
TP2= @ 104.80
TP3= @ 105.05
TP4= @ 105.28
TP5= @ 105.74
SL= Break below S2
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Don't miss the great buy opportunity in USDJPYThis is a Sample Forecast
Intraday Forecast
With 14 hours delay
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (105.5). 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 50.
Take Profits:
TP1= @ 106.0
TP2= @ 106.3
TP3= @ 106.5
SL= Break below S2
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USD/JPY TO GO BEARISH IN COMING DAYSON DAILY TIME FRAME = There is a Fibonacci retracement level of 0.618 between the levels of 106.352 and 104.019
ON HOURLY TIME FRAME = Level of 105.530 has been rejected several times.
Also we can find a downward trend on overall chart
So, from above observation there is a lot of probability that in coming days USD may be Bearish and JPY may be Bullish. once it crosses the level of 105.204 then it can continue to the level of 104.058 and we can put our stop loss at 105.598 which gives us RISK/REWARD ratio of 2.62.
Enter trade = 105.204
Stop Loss = 105.598
Take Profit = 104.058
Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (106.05). 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 65.
Take Profits:
TP1= @ 106.65
TP2= @ 107.05
TP3= @ 107.70
TP4= @ 108.15
TP5= @ 109.85
SL= Break below S2
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Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (106.15). 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 66.
Take Profits:
TP1= @ 106.55
TP2= @ 106.80
TP3= @ 107.35
TP4= @ 107.80
TP5= @ 109.57
SL= Break below S2
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Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (105.05). 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.
. While the RSI downtrend #1 is not broken, bearish wave in price would continue.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Take Profits:
TP1= @ 105.05
TP2= @ 106.90
TP3= @ 108.17
TP4= @ 109.73
TP5= @ 111.50
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
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Don't miss the great buy opportunity in USDJPYTrading 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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Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (107.2). 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 70.
Take Profits:
TP1= @ 107.4
TP2= @ 107.6
TP3= @ 107.73
TP4= @ 107.90
TP5= @ 108.16
SL= Break below S2
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Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (107.0). 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 52.
Take Profits:
TP1= @ 107.55
TP2= @ 107.85
TP3= @ 108.20
SL= Break below S2
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ForecastCity English Support Team ❤️-
Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (107.9). 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 41.
Take Profits:
TP1= @ 109.38
TP2= @ 110.16
TP3= @ 111.70
SL= Break below S2
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ForecastCity English Support Team ❤️
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (107.5). 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 58.
Take Profits:
TP1= @ 108.10
TP2= @ 108.50
TP3= @ 109.05
SL= Break below S2
Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (106.85). 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 38.
Take Profits:
TP1= @ 107.40
TP2= @ 107.75
TP3= @ 108.50
SL= Break below S2