💡Don't miss the great sell opportunity in USDJPY Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Apr 23, 2021 1:49 PM

". There is still a possibility of temporary retracement to suggested resistance line (107.807).
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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 36.

Take Profits:
TP1= @ 107.298
TP2= @ 106.943
TP3= @ 106.687
TP4= @ 106.238
TP5= @ 105.837

SL: Break Above R2

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Comments

Amazingwibes

⋅ Apr 24, 2021 6:04 AM

Thanks for the analysis. You published sell and buy opportunities for this pair on the same day. Which one is the latest?

davidgolandak

⋅ Apr 23, 2021 2:44 PM

Clear, and detailed analysis. 👍 Thanks!

wisetradz

⋅ Apr 23, 2021 5:49 PM

great analysis ,
i am still bullish on this pair ,looking at the daily still didn't break the trend channel

anyway thanks

debdoubiabdellah4

⋅ Apr 23, 2021 2:41 PM

thank you very much 💗

ForecastCity

⋅ Apr 23, 2021 2:43 PM

@debdoubiabdellah4, Happy to help!

debdoubiabdellah4

⋅ Apr 23, 2021 2:41 PM

thank. more signals please🙏🏼

ForecastCity

⋅ Apr 23, 2021 2:43 PM

@debdoubiabdellah4, You're very welcome!

rote1

⋅ Apr 23, 2021 2:27 PM

great bias

ForecastCity

⋅ Apr 23, 2021 2:30 PM

@rote1, Thanks for your comment

AlkalineFX

⋅ Apr 24, 2021 11:32 AM

Thank you for this analysis!