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ForecastCity
Nov 9, 2020 9:06 PM

πŸ’‘Don't miss the great buy opportunity in USDJPYΒ Long

U.S. Dollar/Japanese YenFXCM

Description

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Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (104.7). 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 75.

Take Profits:
TP1= @ 105.65
TP2= @ 106.05
TP3= @ 106.50

SL= Break below S2

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Comments
DenizKilicDeniz
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I don't wanna trade any usd chart for some time. But it is a clean and nice analysis. I give it a thumbs up.
ForecastCity
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@DenizKilicDeniz, Thanks for your support. We appreciate it.
Lizabet
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This is helpful in deed. Thank you
ForecastCity
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@Lizabet, We're glad you found it helpful. We appreciate your comment and support.
adeelvirk15
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nice bro
ForecastCity
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@adeelvirk15, Thanks for your kind comment. We appreciate it.
Pro_Trader_007
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Well done.
ForecastCity
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@Pro_Trader_007, Thanks for your support.
Kristalyn
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🍁 It's so accurate 🍁
ForecastCity
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@Kristalyn, We're glad you like it.
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