TradingView
ForecastCity_World
Jul 14, 2021 2:43 PM

πŸ’‘Don't miss the great sell opportunity in USDJPYΒ Short

U.S. Dollar/Japanese YenFXCM

Description

β‹…

Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (110. 40 ).
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 27

Take Profits:
TP1= @ 109.98
TP2= @ 109.73
TP3= @ 109.53
TP4= @ 109.22
TP5= @ 108.92

SL: Break Above R2

❀️ If you find this helpful and want more FREE forecasts in TradingView

. . . . . Please show your support back,
. . . . . . . . Hit the πŸ‘ LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!

❀️ Your Support is very much πŸ™ appreciated!❀️
πŸ’Ž Want us to help you become a better Forex / Crypto trader?

Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.

Trade well, ❀️
ForecastCity English Support Team ❀️
Comments
davidgolandak
β‹…
Love this analysis.
ForecastCity_World
β‹…
@davidgolandak, We're glad you like it.
sofi_Morphy
β‹…
Looks very good to me. thnx for sharing
ForecastCity_World
β‹…
@sofi_Morphy, You're very welcome!
YMGroup
β‹…
Thanks !
ForecastCity_World
β‹…
@YMGroup, You're welcome!
MMBTtrader
β‹…
thanks for sharing
ForecastCity_World
β‹…
@MMBTtrader, It's our pleasure
More