Wait for a possible sell from around 111.205 | 25 Februari 2020

25 Februari 2020, USD/JPY

Technical Observation

According to the hourly chart attached, USDJPY is currently in an active downtrend. the pair bounced off from the daily high 112.223, headed straight to the lowerside but could not go beyond 110.188, we expect the current move to the upperside to be a mere correction and should not go beyond 111.205 where we'll be looking for a possible long term sell order. If you are looking at this chart now, I recommend you look for long term sell orders towards 109.559 and could break below towards 105.00.

Trade Recommendations:

Wait for a possible sell from around 111.205

Imelda Maseno
Analyst of «FreshForex» company
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