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Buy the USDJPY from 111.204

Buy the USDJPY from 111.204 | 12 March 2019

12 March 2019, USD/JPY

Technical Observation

USDJPY is currently trading with an increasing bullish bias momentum. While the price is above the 52 simple Moving Average and above the line 111.204, I expect a surge to the upper side. On this chart, I'm looking at the following lines 110.415, 111.040, 111.540 and 112.040. Anytime the price approaches any of this lines, then we'll expect a reversal trade. On the 30 minutes chart shown above I'm waiting for a possible retracement towards 111.204 to pick a low risk buy towards 112.040. A break below will mean we're looking for a sell.

Trade Signal.

Buy the USDJPY from 111.204

Imelda Maseno
Analyst of «FreshForex» company
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