. 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.
. 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 is at 33.
TP1= @ 107.83
TP2= @ 106.77
TP3= @ 105.24
SL= Break above R2