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USDJPY

💡Don't miss the great buy opportunity in USDJPYTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (103.590). . 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= @ 104.090 TP2= @ 104.400 TP3= @ 104.760 TP4= @ 105.080 TP5= @ 105.580 TP6= @ 106.080 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
USDJPY is still in the long-term downtrend channel.USDJPY is still in the long-term downtrend channel. As the US Dollar Index weakens, non-US currencies will continue to appreciate, and the Japanese Yen is no exception. On the picture, the H4 of USDJPY is in a long-term downward channel. Even if the Bank of Japan continues to block the rise, it can hardly stop the weakness of the US dollar. The yen will continue to appreciate along with currencies such as the Euro, Pound, and Australian Dollar. USDJPY USD/JPY operation is recommended to go short on rallies, or if activists break below the resistance can be sell stop. Jan.22.2021 Reliability: 3-10 Market Days
Short
by FxIntelligenceIN
💡 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 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
8
💡 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 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
2
💡 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. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
by ForecastCity_ME
4