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ForecastCity
May 12, 2020 9:29 PM

Don't miss the great buy opportunity in USDJPY Long

U.S. Dollar/Japanese YenFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (106.85). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.

Take Profits:
TP1= @ 107.40
TP2= @ 107.75
TP3= @ 108.50

SL= Break below S2
Comments
sara-kian-fx
Well done Fantastic graph and comments
ForecastCity
@sara-kian, Thank you
najmpwut
@sara-kian, سارا چقدر تعریف میکنی!
jagdeeshparsad54
Good
ForecastCity
caxr30
Good
ForecastCity
@caxr30, Thanks
fxniki
Thanks for sharing your ideas and technical analysis with us. 🌟🌸🌟🌸🌟🌸
ForecastCity
@fxniki, we appreciate your support. 🙏
Shani1987
V good
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