TradingView
ForecastCity
Jan 19, 2021 10:35 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 (103.7). 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 50.

Take Profits:
TP1= @ 104.10
TP2= @ 104.40
TP3= @ 105.00

SL= Break below S2

❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!

❤️ Your Support is very much 🙏 appreciated!❤️

💎 Want us to help you become a better Forex trader?

Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️
Comments
carefulOwl22772
Very cool view
ForecastCity
@carefulOwl22772, Thank you! Hope it's inspiring.🌹
sofi_Morphy
Love this analysis. Your charts are always nicely done. 🔥🔥
ForecastCity
@sofi_Morphy, Thank you for your comment. We appreciate it 🌹
Lizabet
perfect analysis.think this could be a goer!
ForecastCity
@Lizabet, We hope you get the most out of it.🌹
davidgolandak
Interesting
ForecastCity
@davidgolandak, Thank you! Hope it's inspiring.🌹
Best_Forecast
I'm really not so sure how it works but I did enjoy your idea. Thanks
ForecastCity
@Best_Forecast, It's good to know you enjoyed it 🌹
More