10 Mei 2019, USD/JPY
Technical Observation
The USD is currently trading around a major daily support level 100.761. This os a key support and while it holds price above it, I expect a possible turn around from this level to pick a low risk buy towards 114.12. But should the price break below this level, I expect a steep plunge towards the next line with is 107.270 and may extend even lower. But on the upperside,the key lines to look for include 110.920, 112.250 and 113.39. a break above this lines will push the price even higher towards 118.00.
Trade Signal
Buy the USD now with your take profit at 114.00