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.
This is a perfect analysis. BTW. I also see a head and shoulder on the usdjpy which confirms the same analysis coz the neckline is the same support that broke last sesion