ForecastCity

💡Don't miss the great sell opportunity in USDJPY

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
". There is still a possibility of temporary retracement to the suggested resistance line (109.53).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. USDJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 49.

Take Profits:
TP1= @ 109.31
TP2= @ 109.06
TP3= @ 108.81
TP4= @ 108.63
TP5= @ 108.39

SL: Break Above R2

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Comments

Thanks a bunch .
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ForecastCity carefulOwl22772
@carefulOwl22772, You're welcome
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Very helpful. Thanks.
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ForecastCity Megan_forex
@Megan_forex, Glad you found it helpful
Reply
Looks good to me. Thanks for sharing .
Reply
ForecastCity DenizKilicDeniz
@DenizKilicDeniz, You're welcome
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