23 Mei 2019, USD/JPY
Technical Observation
Yesterday, the US Dollar pulled back to the lowerside but is still pretty much bullish both on the daily and the weekly charts. As I stated in my previous forecasted, chances of price rallying higher are very high. But a retracement back towards 108.440 is equally higher. One could have a pending buy limit order around 108.440, with their stop loss below 106.530 and take profit at 114.126. Alternatively, one should have a buy stop above this year's highest high with a take profit at 114.126.
Trade Recommendations:
We're upwards towards 111.868.