12 Maret 2019, USD/JPY
Technical Observation
USDJPY is currently trading with an increasing bullish bias momentum. While the price is above the 52 simple Moving Average and above the line 111.204, I expect a surge to the upper side. On this chart, I'm looking at the following lines 110.415, 111.040, 111.540 and 112.040. Anytime the price approaches any of this lines, then we'll expect a reversal trade. On the 30 minutes chart shown above I'm waiting for a possible retracement towards 111.204 to pick a low risk buy towards 112.040. A break below will mean we're looking for a sell.
Trade Signal.Buy the USDJPY from 111.204