ForecastCity

Don't miss the great buy opportunity in USDJPY

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (107.5). 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 58.

Take Profits:
TP1= @ 108.10
TP2= @ 108.50
TP3= @ 109. 05

SL= Break below S2
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