Trading suggestion: . There is a possibility of temporary retracement to suggested support line (107.9). 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 41.
❤️ If you find this helpful and want more FREE forecasts in TradingView Please show your support back, Hit the 👍 LIKE button, Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️ ForecastCity English Support Team ❤️ Be sure to leave a comment let us know how do you see this opportunity and forecast.
if you draw your line carefully, you can see a pullback to the broken resistance line, so i think it's not coming that far down
if that line,around 108.414 holds, it's gonna get a bullish bias to 109.140 resistance line