Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (110.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDJPY is in a up trend and the Resumption of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 112.30
TP2= @ 113.65
TP3= @ 114.50
SL= Break below S2
. There is a possibility of temporary retracement to suggested support line (110.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDJPY is in a up trend and the Resumption of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 112.30
TP2= @ 113.65
TP3= @ 114.50
SL= Break below S2