On the sidelines | 29 Maret 2019

29 Maret 2019, USD/JPY

On the sidelines

Technical Observation

On the 4 hour chart attached, the US Dollar have no clear direction. We're waiting for price to clear ascend above the slow moving average to pick a buy price to clearly break below 109.905 to confirm a possible bearish rally towards 107.915. On this chart, I'm looking at the following lines 107.915, 109.905, 111.895 and 114.20. Anytime the price approaches any of these lines, we'll be looking for a low risk trade. According to this chart, both sell and buy orders appears risk temporarily.

Trade Recommendation:

On the sidelines

Imelda Maseno
Analyst of «FreshForex» company
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