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Intraday forecastUS Dollar / Japanese Yen technical chart
SymbolUSDJPY
Release TimeOctober 22, 2019 - 20:05
Advisebuy (limit) above S1=108.3
Intraday
Short term
Yesterday range37
Yesterday high108.66
Yesterday low108.28
Yesterday close108.59
R3109.2
R2108.9
R1108.7
S1108.3
S2108.15
S3107.55
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=108.3.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=108.7.
TP4: R2=108.9.
Set the stoploss of these orders at breakout of S2=108.15.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=108.15.
In this situation, there is an expectation to reach the target S3=107.55.
Set the stoploss of reverse orders at breakout of S1=108.3.

Latest forecasts
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