Trading suggestion: . There is a possibility of temporary retracement to suggested support line (105.05). 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. . While the RSI downtrend #1 is not broken, bearish wave in price would continue. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 41.
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