ForecastCity
Short

Don't miss the great sell opportunity in USDJPY

FX:USDJPY   U.S. Dollar / Japanese Yen
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (110.55). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40 .

Take Profits:
TP1= @ 109.34
TP2= @ 108.50
TP3= @ 107.68

SL: Break Above R2
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Comments

Hey @ForecastCity you are one of the few I follow on here
+4 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, Hi, It's really our pleasure that you selected us.
Reply
Thank you for your time and sharing of knowledge.
+3 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, You're welcome. we hope you find it useful on your own trades.
Reply
Brilliant analysis
+2 Reply
@simmalhi, Thanks. we hope you liked it.
Reply
Thank you for this and your time, offering us all this.
+2 Reply
ForecastCity Alexander_007
@Alexander_007, You're welcome.
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I like your detailed analysis, very much.
+2 Reply
ForecastCity Alexander_007
@Alexander_007, Thanks for your comment.
Reply
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