15 Mei 2019, USD/JPY
Technical Observation
USD is currently trading with an increasing bullish bias momentum. As I mentioned in the previous day's analysis, while the price is contained within the zone 109.559 -110.047, I'll only be interested in trading reversals. Basically, any bounce from 110.047 will attract a sell while a bounce from 109.559 will attract a buy. As it is, We're in a buy from 109.559, towards 110.047, and should price bounce from 110.047, we'll expect a possible sell towards the next level 109.559. A break above will push the price higher towards 110.295.
Trade Recommendations:
Buy the USD from 109.559 towards 110.047