usdjpyanalysis

Trading suggestion: . There is a possibility of temporary retracement to suggested support line (106.75). 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 above the 21-Day WEMA which acts as a dynamic support. ....

We are doing USDJPY Analysis in Daily Time frame You can keep an Eye on USDJPY it is forming rising channel pattern you can take a trade on the breakout of this pattern. Note: This is only for Educational Purpose this is not Investment advice. Please support the setup with your likes, comments and by following on Trading View. Thanks Adil Khan

Update

USDJPY Analysis: Price bought and is currently above support zone price 109.862 . We expecting price to test support line 109.862 for a possible breakthrough to next support if not expect price to continue the buy towards resistance 110.994 Long-term daily timeframe

USDJPY is a Buy at 111.047, SL 110.555 Target 111.677

All details mentioned on the chart

its seems it is looking to get back to its 114 level.