Buy USD now within 110.90-110.63 | 22 Maret 2019

22 Maret 2019, USD/JPY

Technical observation

USD corrected to a supportive zone it established around 110.90-110.63 and is currently trading within it on an increasing bearish momentum, I expect a loss of this movement within the zone for possible bullish price rally towards 114.06 followed by a breakout above it for a further rise in price. You can buy this pair now within the zone with your take profit at 114.06 and stop loss at 109.98.Should there be a clear breach below the above mentioned zone with a big red candle, wait for a correction to it and a bounce within it to confirm possible downwards movement of price before you sell USD towards the key line 107.60.

Trade recommendation

Buy USD now within 110.90-110.63 with your take profit at 114.06 and stop loss at 109.98.

Imelda Maseno
Analyst of «FreshForex» company
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