ForecastCity

Don't miss the great sell opportunity in USDJPY

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (109.19). 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 63.

Take Profits:
TP1= @ 108.67
TP2= @ 108.18
TP3= @ 107.00

SL: Break Above R2
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Comments

Your analysis is very accurate.
+5 Reply
ForecastCity Best_Forecast
@Best_Forecast, That's true. we hope you enjoy it.
+1 Reply
Thank you again for sharing your ideas.
+3 Reply
ForecastCity Best_Forecast
@Best_Forecast, Please don't mention it.
+1 Reply
I truly feel like I am learning quite a lot from you
+2 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Thanks. We learn from the market.
+1 Reply
Thank You for sharing!
+2 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, You're welcome. thanks for following us.
+1 Reply
Very thoughtful,
+2 Reply
ForecastCity Forecast_Crypto
+1 Reply
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