Buy the USD from 109.559 towards 110.047 | 15 Mei 2019

15 Mei 2019, USD/JPY

Buy the USD from 109.559 towards 110.047

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

Imelda Maseno
Analyst of «FreshForex» company
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