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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USDJPY
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
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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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USDJPY Long Trade SetupThe daily is turning up against the 3/09/2020 lows at 101.19. The 4 hour right side is down against 108.15. While below 107.54 the pair can see a swing lower toward 104.28 to correct the cycle up from the 3/09/2020 lows.
Long USDJPY
@105.35-105.20
Target: 106.00
Sl: 104.80
good luck !
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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USDJPY 4HR Analysis "SHORT" Hello Traders,My current analysis on this trade is really a good risk reward ratio 1:3 .As per last week analysis the price is currently sitting at a key support level and did not push further down.There a lot of buyers in the market currently which gives us a good opportunity to enter buy side at 107.41.Hopefully we close this trade on positive side.Please feel free to comment ask questions.
USDJPY Weekly forecast 29th to 3rd JulyThe 4 hour is turning up against 3/09/2020 low (101.19). 1 hour is turning down against 107.46 high. Near-term, while bounces fail below 107.46 high and more importantly below 109.85 high expect pair to extend lower to correct the cycle from 3/09/2020 low in 7 or 11 swings before upside resume.
Sell USDJPY
@108.10-55
Target: 105.00
SL: 109.50
Good luck
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 ❤️-
USDJPY 1HRAbout me:- This is your own scammer demo trader who lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his travelling sword along with rented ferrari came down here in the modern age of 2020, sold his ferrari and managed to gather some money for this trading.
Disclaimer:- Don't Listen to me, I'm not a financial advisor
USDJPY weekly analysis , June 15-19Hi Traders,
Wish you for the new week of trading , Dollar against Japanese yen have been bearish during last week, when it finishes on friday it came up to touch 107.600, where this same price zone acted as support for long time last few months now this area turned out to be a strong resistance zone . So this week USDJPY may be continues its bearish run till 105.900..
Note - Predictions based on pure technical analysis, Fundamentals impact also reflects in price movements..