ForecastCity
Short

USDJPY Intraday Forecast

FX:USDJPY   U.S. Dollar / Japanese Yen
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=114.1.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=113.7.
TP4: S2=113.5.
Set the stoploss of these orders at breakout of R2=114.2.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=114.2.
In this situation, there is an expectation to reach the target R3=114.75.
Set the stoploss of reverse orders at breakout of R1=114.1.

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ForecastCity Alexander_007
@Alexander_007, You're welcome!
Thanks for sharing your happiness with us.
wish you best
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I appreciate your nice technical analysis. Thank you ForecastCity :)
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@fxniki, Thank you for your comment and wish you best.
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