Long USD around 112.32-112.25 towards 114.90. | 05 Mei 2017
05 Mei 2017, USD/JPY
Technical Observation:
After breaking above the buy zone (112.32-112.25), on 3rd may and 4th may, US retraced to this level for the first and second time respectively. I expect a third retracement to this zone to buy USD towards 113. On the hourly chart above, I have a pending buy order limit place within the highlighted buy zone. My advice, wait for a third retracment towards 112.32-112.25 to re-buy USD towards 113.
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