Buy the USD now with your take profit at 114.00 | 10 May 2019

10 May 2019, USD/JPY

Buy the USD now with your take profit at 114.00

Technical Observation

The USD is currently trading around a major daily support level 100.761. This os a key support and while it holds price above it, I expect a possible turn around from this level to pick a low risk buy towards 114.12. But should the price break below this level, I expect a steep plunge towards the next line with is 107.270 and may extend even lower. But on the upperside,the key lines to look for include 110.920, 112.250 and 113.39. a break above this lines will push the price even higher towards 118.00.

Trade Signal

Buy the USD now with your take profit at 114.00

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus