Don't miss the great Sell opportunity in USDJPY
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (108.87).
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 Downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 33.
Take Profits:
TP1= @ 107.83
TP2= @ 106.77
TP3= @ 105.24
SL= Break below S2
. There is still a possibility of temporary retracement to suggested resistance line (108.87).
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 Downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 33.
Take Profits:
TP1= @ 107.83
TP2= @ 106.77
TP3= @ 105.24
SL= Break below S2
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