ForecastCity
Long

Don't miss the great buy opportunity in USDJPY

FX:USDJPY   U.S. Dollar / Japanese Yen
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (106.95). 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 78.

Take Profits:
TP1= @ 107.45
TP2= @ 107.65
TP3= @ 108.00

SL= Break below S2
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Comments

Thank you for your insight.
+2 Reply
ForecastCity Shiva_forex
@Shiva_forex, You're welcome! 🙏
Reply
A bunch of good information. Thanks!
+1 Reply
ForecastCity Kristalyn
@Kristalyn, Thanks for following us
Reply
Nice Set-up
+1 Reply
@Kamryn, Thanks
Reply
Nice analysis as usual
+1 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, Thank you for your attention
Reply
I agree with your idea for UADJPY 👍
+1 Reply
@fxniki, Thanks. We appreciate your kind words and support.
Reply
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