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ForecastCity
Apr 6, 2020 5:29 PM

Don't miss the great sell opportunity in USDJPY Short

USD/JPYOANDA

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (109.19). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.

Take Profits:
TP1= @ 108.67
TP2= @ 108.18
TP3= @ 107.00

SL: Break Above R2
Comments
Best_Forecast
Your analysis is very accurate.
ForecastCity
@Alexander_007, That's true. we hope you enjoy it.
Best_Forecast
Thank you again for sharing your ideas.
ForecastCity
@Alexander_007, Please don't mention it.
Pro_Trader_007
I truly feel like I am learning quite a lot from you
ForecastCity
@Pro_Trader_007, Thanks. We learn from the market.
Forecast_Crypto
Thank You for sharing!
ForecastCity
@Forecast_Crypto, You're welcome. thanks for following us.
Forecast_Crypto
Very thoughtful,
ForecastCity
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