ForecastCity

Don't miss the great Sell opportunity in USDJPY

FX:USDJPY   U.S. Dollar / Japanese Yen
Trading suggestion:
. There is a possibility of temporary retracement to suggested Resistance line (108.87).
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 33.

Take Profits:
TP1= @ 107.83
TP2= @ 106.77
TP3= @ 105.24

SL= Break above R2
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Comments

It's a great Sell opportunity in USDJPY. Thanks for publishing it.
+1 Reply
@fxniki, You got it.
Reply
Do you still think this trade is valid
Reply
@fali4209, Yes, it is.
Reply
@fali4209, Thanks for your comment.
Reply